On Monday 15 April, Member States’ ambassadors to the European Union (Coreper) failed to reach unanimous agreement on the legislative proposal to mobilise the profits generated by the assets of the Central Bank of Russia frozen in the EU, in order to use them primarily to support Ukraine’s war effort.
The Belgian Presidency of the EU Council spared no effort in presenting a compromise text within a very tight timeframe. The text on the table would now answer the legal questions raised...