EU countries reach a political agreement on the use of frozen Russian assets.

The EU member states have a political consensus to use the profits from the Russian Federation’s frozen assets, said the high representative of the EU, Josep Borrell, after the Council of the EU meeting at the foreign minister level.

“I am almost certain that it will be completed soon. Discussions will continue at the level of ambassadors, but I see that agreement is getting closer. I am working hard to get this decision approved before the next meeting of the EU Foreign Affairs Council,” Borrell added.

The agenda of the Council of the EU indicates that on February 2-3, there will be an informal meeting of the ministers of foreign affairs of EU member states in the Gymnich format, and on February 19, the next meeting of the Council of the EU. The EU ambassadors should agree on the decision to use the proceeds from frozen Russian assets on January 24.

According to Rikard Jozwiak, the plan involves placing the income generated from these assets into separate accounts and their subsequent transfer to Ukraine.