The Russian Federation’s frozen assets: What is Ukraine waiting for, and what is it already receiving?

Deputy Head of the Office of President Iryna Mudra reported that to speed up the receipt of frozen assets from the US the REPO act, which would allow the US president to seize Russian sovereign assets frozen in the US, must be passed in a package with the $60B Ukrainian aid bill.

As for the Russian money in the EU, the bloc’s decision on transferring profits from Russian assets must be adopted as soon as possible so that Hungary cannot block it after their EU Council presidency begins in July. The income generated from the frozen assets in 2024 will be €5-8B and can be transferred in 2025.

At the same time, taxes on income from Russian assets paid in Belgium are already at work for Ukraine. So far, €1.7B in tax revenue has already been sent to the Ukrainian humanitarian fund. The money was used to support refugees in Belgium. And from the €1.28B in tax, Belgium has already provided Ukraine with €200M to purchase weapons.