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Collage including a bank, piles of coins, Russian banknotes and a hand doing a stop sign.
EU to use profits from frozen Russian assets to help Ukraine

EU to use profits from frozen Russian assets to help Ukraine

Windfall net profits generated by immobilised Russian assets will be used to support Ukraine's armed forces, defence industry and reconstruction. These funds will be channelled through the European Peace Facility and other EU programmes.

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The Council presidency

Each member state takes its turn to preside Council meetings for six months. Belgium is currently holding the Council presidency until 30 June 2024.

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About the Council

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The European Council consists of the heads of state or government of the EU's member states, together with its President and the European Commission President. It defines the EU's general political directions and priorities.

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The Council of the EU

The Council of the EU represents the member states' governments. Informally also known as the EU Council, it is where national ministers from each EU country meet to adopt laws and coordinate policies.