According to the information available to the agency, the European Commission, as the main institution of the European Union, wants to propose a three-step plan that will allow for the legal transfer of more than several billion euros to the European Union budget. First of all, it is planned to determine specific financial obligations and their amount, secondly, to formulate requirements for financial institutions where the assets of the Bank of Russia are frozen, and thirdly – to determine a tax on the profits of the Bank of Russia’s assets and to direct these funds to the budget of the European Union.
Politico magazine reports on such a plan, stating that such an approach will give the European Commission enough time to negotiate with all EU member states. It is expected that the discussion of this plan will start already on September 7.
“Bloomberg” reports that already on September 7, representatives of the European Commission will meet with officials from Belgium, Germany, Spain, Italy and France to discuss this plan. Meetings with representatives of all European Union member states are planned next week. In order for this plan to be adopted, it must be adopted unanimously, as it affects the common foreign policy and security of the whole of Europe.
It is pointed out that possible taxation and confiscation of surplus profits create both legal and financial issues for the countries of the European Union. Some countries have expressed concern that the confiscation of Russian assets will reduce the attractiveness of the eurozone for investment, but Poland and the Baltic states insist on the complete confiscation of the frozen funds.
In general, this plan could allow the budget of the European Union to be supplemented by three billion euros.
European Commission President Ursula von der Leyen promised in mid-June to come up with a plan to use Russian assets by the summer break, but this was not done.
2023-09-07 10:32:00
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