This was announced by the Belgian Presidency of the Council of the EU.

“EU permanent representatives have just reached agreement in principle on a proposal to use emergency proceeds from assets immobilized in the EU to support the recovery of Ukraine,” a post on social media said.

In December, the European Commission approved a mechanism for “immobilization of income” from frozen Russian assets. The initiative makes it possible to use taxes on income received thanks to Russian assets frozen in the West in the interests of Ukraine.

Deputy Foreign Minister of Russia Sergei Ryabkov said that the Russian side does not exclude mirror retaliatory measures in the event of confiscation of its assets.