EU eyes €3 billion a year for Ukraine from Russian asset tax ...Kuwait

The New Arab - News
EU eyes €3 billion a year for Ukraine from Russian asset tax
The European Union could raise €3 billion a year for Ukraine's reconstruction by taxing the interest earned by Russian central bank assets frozen in the bloc, Belgium's prime minister said on Friday. "We are working on a windfall tax on profits," Alexander De Croo said after a summit of European Union leaders in Brussels. "The estimate is that three billion euros ($3.3 billion) per year could be used for the reconstruction of Ukraine," he said. The EU has frozen some €200 billion of Russian central bank assets as punishment for Moscow's invasion of Ukraine. De Croo said that about 90 percent of those funds are held in Belgium, which hosts the headquarters of the int

Hence then, the article about eu eyes 3 billion a year for ukraine from russian asset tax was published today ( ) and is available on The New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( EU eyes €3 billion a year for Ukraine from Russian asset tax )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News