EU: windfall profits from Russian assets

EU regulation: 99.7% net profits from Russian assets go to Ukraine (90% weapons).

On May 21, 2024, EU Council adopts Regulation (EU) 2024/1469 obliging central securities depositories (CSDs) to transfer 99.7% of net profits generated from frozen Russian assets.

Distribution: 90% to European Peace Facility (weapons), 10% to other EU programs.

First transfer: €1.5 billion in July 2024. Target: €15-20 billion by 2027.

EU: windfall profits from Russian assets

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