Late concession by Belgium paved way for deal on using profits to buy ammo for Kyiv’s war effort.

Late concession by Belgium paved way for deal on using profits to buy ammo for Kyiv’s war effort.

The EU approved a plan to use the profits generated by investing frozen Russian assets to buy weapons for Ukraine.

Ambassadors meeting in Brussels on Wednesday gave the go-ahead after Belgium signaled a climbdown on the way it treats tax revenue on the cash — the last major obstacle to deal.

The profits generated by investing Russia’s assets immobilized in Belgium— where a large part of the assets frozen in Europe are kept — are worth between €2.5 billion and €3 billion per year.

  • TheEighthDoctor@lemmy.worldEnglish
    0·
    2 months ago

    Not just for Russia but also for China etc

    Good, everyone should know that Europe doesn’t fuck around with Countries that commit war crimes

      • APassenger@lemmy.worldEnglish
        0·
        2 months ago

        Give them time. They have baggage and jumping too soon could be problematic.

        Good pic choice for your reply.

        • Linkerbaan@lemmy.worldEnglish
          0·
          2 months ago

          They’ve been given 75 years. Palestinians are waiting a long time for that soonTM.

          Let’s not forget this was a problem caused by Europe to begin with. Europeans doing in the Middle East what Putin is doing in Ukraine. Colonization is certainly not only a Russian thing.