EU to give proceeds of Russian assets to Ukraine

The Czech foreign minister said that the EU has agreed on the use of revenues from Russian assets frozen in Europe. 90% of these funds will be transferred to Ukraine twice a year to be used for military purposes.

In total, the EU has frozen 210 Russian billion. In addition, there is some more property of both state and private structures. The annual income from all this property is estimated at 3-5 billion. The idea of its complete confiscation was considered and rejected by the EU. This would be fraught with courts, the need to change laws, and reputational losses.