EU capitals agreed to use the proceeds generated by investing €192 billion immobilized Russian assets held by the Brussels-based securities depository Euroclear.
Russia’s assets generated €1.55 billion between Feb. 15 and June 30, according to Euroclear’s figures. The financial institution kept around 10 percent as a buffer against legal and financial risks.
“There is no better symbol or use for the Kremlin’s money than to make Ukraine and all of Europe a safer place to live,” the European Commission president Ursula von der Leyen wrote on X.
EU leaders have made a point that the proceeds of the assets do not legally belong to the Kremlin. Negotiations in Brussels dragged on for months due to concerns that…
