EU greenlights the use of extraordinary net profits generated by frozen assets of the Central Bank of Russia to support Ukraine

24/05/2024
News

Council Regulation (EU) 2024/1496 was adopted by the Council on 21 May 2024. The Regulation sets out measures to allow the use of net profits generated by assets of the Central Bank of Russia frozen in EU Central Security Depositories to support Ukraine in its military defence and restoration.

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Insights & news

EU greenlights the use of extraordinary net profits generated by frozen assets of the Central Bank of Russia to support Ukraine

Attachments:

Key contacts

Isabelle Van Damme

Emily Greenaway

Antigoni Matthaiou

Related practice areas

Related insights

EU sanctions against Russia – 13th sanctions package and other updates

The EU and UK sanctions regimes: what Indian businesses need to know

Key Russian sanctions reporting obligations in the EU, the UK and Switzerland