The European Union is considering using profits generated from frozen Russian Central Bank assets to supply military equipment and financial aid to Ukraine.
The European Union is inching closer to a historic decision to use windfall profits accumulated by frozen assets in the bloc belonging to the Russian Central Bank and sending them to Ukraine. The assets were frozen shortly after the full-scale invasion of Ukraine in February 2022 and have remained so since.
' It is also added that any retroactive claims by Moscow won't be accepted 'Unexpected and extraordinary revenues do not have to be made available to the Central Bank of Russia under applicable rules, even after the discontinuation of the transaction prohibition. Thus, they do not constitute sovereign assets. Therefore, the rules protecting sovereign assets are not applicable to these revenues.
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