The United States and the European Union will consider options for transferring income from frozen assets of the Russian Federation to Ukraine. This was stated in a joint statement following the US-EU summit.
The United States and the EU have confirmed that they will soon study how emergency proceeds from Moscow’s frozen assets that are not needed to fulfill obligations to the Russian Federation can be transferred to Ukraine.
“As part of our efforts to assist Ukraine in the short term, we will examine how any extraordinary proceeds held by individuals and directly related to Russian sovereign assets, and if these extraordinary proceeds are not required to meet obligations to Russia under current legislation, can be aimed at supporting Ukraine and its restoration,” the statement says.
In addition, the parties assured that they would deepen their cooperation with respect to companies that supply certain critical raw materials and priority goods to Russia, as well as financial institutions and other entities that facilitate such transfers.
