The European Union will offer new ways to maintain support for Ukraine.
What new ways of helping Ukraine will the EU offer
On Mar. 12, the European Commission is expected to propose a framework for negotiations to advance the process of Kyiv's accession to the bloc. In the coming days, 4.5 billion euros will support the Ukrainian budget.
In addition, the European Commission may propose as early as this week to direct revenues from the windfall tax on the profits obtained from the frozen assets of the Russian central bank to Ukrainian military needs, an issue that will be discussed by the EU finance minister today.
What is known about the use of Russian assets to help Ukraine
According to the Financial Times, the European Union intends to allocate up to 3 billion euros to Ukraine already this year at the expense of the profits obtained from the frozen assets of Russia.
The European Commission is preparing a plan to confiscate sanctions-related profits received at the central securities depository Euroclear.
The first tranche of funds can be paid as early as July, if Brussels can get the approval of the EU member states. It is expected that this proposal will be made to representatives of foreign ministers before the summit of EU leaders next week.
About 190 billion euros of Russian assets have been frozen in Euroclear since the full-scale Russian invasion of Ukraine in 2022, which has already brought in a profit of 3.85 billion euros.
In addition, on Feb. 28, the Council of the EU finally approved the Ukraine Facility program, under which Ukraine will be provided with 50 billion euros of long-term loans until 2027. The first tranche of EUR 4.5 billion is expected in March.
