Austria supports the transfer of proceeds from russian assets to Ukraine

Austria supports the development of a plan within the EU to use the unforeseen profits from the frozen assets of the russian central bank for the needs of Ukraine and will not interfere with the EU's financing of its defense needs.

This was reported by the Federal Ministry for European and Foreign Affairs of the Republic of Austria.

“Austria supports the plan to provide Ukraine with income from the investment of the russian Central Bank's funds,” the foreign ministry commented on Austria's position on this issue.

The ministry explained that the regulation on the use of windfall profits, which is currently being developed within the EU, concerns the use of income from the investment of immobilized assets of the russian central bank, and not the confiscation of these assets. “It is not about confiscating the Central Bank's funds, but about using the income received from the investment,” the Foreign Ministry said.

At the same time, the ministry noted that Austria will not continue to interfere with the EU's decision-making on the supply and financing of weapons and ammunition to Ukraine.

Source: Ukrinform