By the end of 2024, Ukraine is likely to make a profit on Russian assets frozen by Western countries, according to EU Ambassador to Ukraine Katarina Mathernova.
She said that the profit from Russia's frozen assets is about 3 billion euros. The EU countries are already discussing the transfer of this sum in favor of Ukraine, and there are appropriate proposals.
“I hope that by the end of this year, the interest earned will be at the disposal of Ukraine,” the Ambassador added.
Confiscation of Russia's assets
Last year, the United States proposed that the Western countries confiscate all of Russia's frozen assets in favor of Ukraine. In total, it is about $300 billion.
This initiative was too radical for some of Kyiv's allies. Therefore, an alternative was proposed in the form of a transfer of profits from frozen assets.
As the Financial Times reported in March, the European Union wanted to make such a decision by summer. By 2027, profits from Russian assets could grow to 20 billion euros.
