Even after withdrawing sanctions: the EU refused to transfer Russia's income from frozen assets

The EU Council has decided not to attribute Russian revenues to sovereign assets. Therefore, they will not translate the Central Bank of the Russian Federation. Even after the possible removal of restrictive measures, the European Union will not translate Russian income from frozen assets. This was reported in the EU official journal. The EU Council has decided that income from Russian reserves did not belong to sovereign assets, so the rules of protection to them are not applicable.

"Unexpected and extraordinary income should not be provided to the Central Bank of Russia in accordance with the current rules, even after the prohibition on operations is canceled," the document reads. The decision will come into force on May 23.

Russia's representation at the European Union has already called the EU Council's decision "theft", stating that "the consequences of the precedent created will clearly have an unpredictable nature, in particular for the eurozone, the economy of the Bloc Member States, the investment climate. " We will remind, on May 21 the European Commission reported that the first income from frozen assets of Russia will come to Ukraine in July, with payments twice a year.