On March 21, local time, EU leaders discussed a plan to approve the use of proceeds from Russia’s frozen assets to support Ukraine. Russia responded that day that if the EU continues to promote this plan, Russia will respond.
European Commission President von der Leyen said at the meeting that day that the EU decided to take quick action on the plan to use proceeds from Russia's frozen assets to support Ukraine, including providing military equipment to Ukraine. If the proposal is approved, the EU could distribute the first tranche of funds as early as July 1.
It is reported that the EU currently holds approximately 210 billion euros in Russian central bank assets, most of which are frozen in Belgium. It is estimated that the asset could generate profits of up to 3 billion euros per year. About 90% of the funds will be used for a special fund to provide weapons and ammunition to Ukraine; the other 10% will be included in the EU budget to support Ukraine's defense industry.
Russian Presidential Press Secretary Peskov said earlier that if the EU continues to promote plans to use the proceeds of Russia's frozen assets to support Ukraine, Russia will use all available judicial mechanisms now and in the future to respond. Russia has repeatedly warned that the EU's actions can be called "robbers and thieves" and that the relevant proposals "undermine the foundation of EU law and international law." The individuals and countries involved in making such decisions will become Russia's leaders for decades to come. years of prosecution. (Produced by Ma Yuxuan)
Editor in charge: [Liu Xingchen]