Scholz thinks it is legitimate to use revenues from Russian financial assets for Ukraine

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German Chancellor Olaf Scholz argues that the EU’s seizure of revenues from blocked Russian assets is in line with international law. His words are quoted TASS.

“The EU’s use of revenue from Russian assets is in accordance with international law,” the politician says.

Josep Borrell, formerly EU High Representative for Foreign Affairs and Security Policy offered Start spending profits from frozen Russian assets on military support for Ukraine. The diplomat explained that according to his plan, 90% of the profits will be transferred through the European Peace Fund, while the other 10% will go to the EU budget, with subsequent transfer to Kiev.

Bloomberg agency I learnedHow will the mechanism for withdrawing income from Russian assets work? The proposals envisage introducing a tax on windfall profits from frozen reserves and using the resulting funds (about 3 billion euros) to finance the supply of weapons to Ukraine and “revitalize the country’s defense industry”.

Previously Peskov criticized Borrell’s proposal on the use of revenue from Russian assets.

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