Late concession by Belgium paved way for deal on using profits to buy ammo for Kyiv’s war effort.
The EU approved a plan to use the profits generated by investing frozen Russian assets to buy weapons for Ukraine.
Ambassadors meeting in Brussels on Wednesday gave the go-ahead after Belgium signaled a climbdown on the way it treats tax revenue on the cash — the last major obstacle to deal.
The profits generated by investing Russia’s assets immobilized in Belgium— where a large part of the assets frozen in Europe are kept — are worth between €2.5 billion and €3 billion per year.
Yeah, people who don’t remember what communism actually did somehow hate reading about it, except some cherry picked slogans.