The ambassadors of the Member States to the European Union (Coreper) reached unanimous agreement, on Wednesday 8 May, on the legislative proposal to mobilise the profits generated by the Central Bank of Russia’s asset frozen in the EU since the start of Russia’s military aggression against Ukraine (see EUROPE B13375A8).
This proposal is the second stage in a sequence that began with the sequestration, effective since 15 February, of the revenues generated by the €210 billion in...