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The EU and the US are looking for ways to transfer revenues from the frozen assets of the Russian Federation to Ukraine

The EU and the US are looking for ways to transfer revenues from the frozen assets of the Russian Federation to Ukraine

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The United States and the European Union will consider options for transferring revenues from the frozen assets of the Russian Federation to Ukraine.

This is stated in the joint statement for the results of the US-EU summit.

The USA and the EU have confirmed that in the near future they will study how it can be transferred in favor of Ukraine extraordinary income from Moscow’s frozen assets, which are not needed to fulfill obligations to the Russian Federation.

“As part of our efforts to provide assistance to Ukraine in the short term, we will examine how any extraordinary income held by private individuals and directly related to Russian sovereign assets, and if such extraordinary income is not required to meet obligations obligations to Russia in accordance with the current legislation, can be aimed at supporting Ukraine and its recovery,” the statement said.

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In addition, the parties assured that they will deepen their cooperation with regard 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.

Also read: Frozen Russian assets can work for Ukraine already today. How to do it?

Economic truth.

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