Belgium: Europe is on the verge of an agreement on Russia’s foreign assets
| Belgium's finance minister announced that European countries will soon agree on how to use frozen Russian assets. |
report Mehr News Agency, citing Rashatoudi, the Minister of Finance of Belgium, announced Europe’s attempt to take advantage of Russia’s blocked assets.
Belgium Finance Minister Vincent van Petgem announced on Monday that the European Union is close to a political agreement to confiscate the profits from the reserves of the Russian Central Bank.
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The Minister of Finance of Belgium reminded that these assets are blocked in line with the Brussels sanctions against Moscow.
At the same time, the European Union authorities are considering a plan to impose a tax on profits from Russian foreign assets.
Joseph Borrell, the foreign policy officer of the European Union, recently suggested that 90% of the profits from Russia’s tributary assets should be given to the European Peace Fund for The procurement of military weapons for Ukraine will be spent and the rest will be transferred to the European Union budget to support Kiev’s defense industry.
Dmitry Peskov, the spokesman of the Russian presidency, announced on Monday that Moscow will fight against the illegal US initiative to confiscate Russian assets.
Pskov added that this is illegal and will be subject to retaliatory and legal action as a result.
