{"id":330759,"date":"2024-01-30T11:40:56","date_gmt":"2024-01-30T10:40:56","guid":{"rendered":"https:\/\/www.eunews.it\/2024\/01\/30\/gli-stati-membri-ue-hanno-raggiunto-un-accordo-di-principio-sulluso-degli-asset-russi-per-ricostruire-kiev\/"},"modified":"2024-02-02T15:40:34","modified_gmt":"2024-02-02T14:40:34","slug":"eu-member-states-reach-agreement-in-principle-on-use-of-russian-assets-to-rebuild-kyiv","status":"publish","type":"post","link":"https:\/\/www.eunews.it\/en\/2024\/01\/30\/eu-member-states-reach-agreement-in-principle-on-use-of-russian-assets-to-rebuild-kyiv\/","title":{"rendered":"EU member states reach agreement in principle on use of Russian assets to rebuild Kyiv"},"content":{"rendered":"

Brussels–Ambassadors from the 27 EU member states reached last night (January 29)<\/a> an agreement in principle on a proposal to collect the extra profits generated by <\/span>assets of the<\/strong> Russian Central Bank frozen in Europe to <\/strong>contribute to financing the reconstruction of Ukraine after the Russian invasion. A first step that will lead the European Commission to propose\u00a0at a later date the transfer of these resources to Kyiv, although it is unclear when.
\n<\/span><\/p>\n

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EU Ambassadors just agreed in principle on a proposal on the use of windfall profits related to immobilised assets to support #Ukraine<\/a>\u2019s reconstruction .#COREPERII<\/a> #EU2024BE<\/a><\/p>\n

\u2014 Belgian Presidency of the Council of the EU 2024 (@EU2024BE) January 29, 2024<\/a><\/p><\/blockquote>\n

The agreement-in-principle needs to be legally refined and finally approved in Coreper in a\u00a0 written procedure, diplomatic sources explain to Eunews. The Belgian presidency at the helm of the EU needed to succeed in reaching an agreement in principle before the <\/span>Thursday, February 1, extraordinary summit to break the deadlock on the mid-term review of the long-term budget (2021-2027)<\/a>. And so it was. On December 12, the <\/span><\/p>\n

European Commission <\/span>proposed <\/span><\/a>to\u00a0start collecting the extra profits generated from capital tied up in the EU\u00a0to rebuild Ukraine. The ‘how to’ was to be determined in a second stage: for now, the ambassadors have agreed to move profits from sanctioned Russian assets in the EU into a separate account as a first cautious step to then proceed to use them to finance Ukraine’s reconstruction. In Brussels, there is talk of a <\/span>‘phase 1’ <\/span><\/i>and,\u00a0in due course, a proposal on how to use these resources in practice (the so-called <\/span>‘phase 2’<\/span><\/i>).<\/span><\/p>\n

To avoid legal problems, the Commission proposed to use not the actual assets (which the European Commission estimates at about 211 billion euros<\/strong>) but the profits derived from them being frozen\u00a0in EU territory, mainly held at Euroclear, in Belgium, and\u00a0Clearstream, in Luxembourg. The proposal will not be retroactive, so it cannot target the extra profits made so far, but when governments find a common position on the issue. And only\u00a0resources of the Russian Central Bank<\/strong>, which is subject to a sanctions regime.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The agreement in principle, diplomatic sources explain to Eunews, now needs to be legally refined in order to be finally approved in Coreper by written procedure. A first step to lead the European Commission to later propose to transfer these resources to Kyiv, although it is unclear when<\/p>\n","protected":false},"author":4544,"featured_media":330718,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[25681],"tags":[26004,25803,25941],"class_list":["post-330759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","tag-asset-en","tag-russia-in-2","tag-asset-russi-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/330759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/users\/4544"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/comments?post=330759"}],"version-history":[{"count":8,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/330759\/revisions"}],"predecessor-version":[{"id":332100,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/330759\/revisions\/332100"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media\/330718"}],"wp:attachment":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media?parent=330759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/categories?post=330759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/tags?post=330759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}