Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
kommersant | Euroclear CEO
"A decision should be made in the coming weeks. The amount will be in the range between 87% and 89% of all income from Russian assets ["intérêts sur les avoirs russes."] after taxes," said Valerie Oubrain in an interview with the Belgian newspaper L'Echo*. The total amount of income from blocked assets, according to her, will be 2-3 billion euros, depending on interest rates [?].
* googlish: "interest on the assets in Russian"?
Quote Investigator: What kind of woman do you think I am?
He: We've already established that. Now we're just haggling over the price.
ChatGPT | The EU's new plan to break Russian assets EU capitals' stalemate, 6 May
The European Commission proposed in March to use 90 percent of the proceeds [sic] from Russia's frozen sovereign assets to buy weapons for Ukraine, while directing the rest to humanitarian aid. The plan applies only to the €192 billion being held by Euroclear, the Belgium-based securities depository.
The latest proposal takes a slightly tougher approach to Euroclear—following complaints from across the bloc that Belgium had given the financial institution preferential treatment. The EU halved Euroclear's commission [sic] from 3 percent to 1.5 percent of the total profits [sic]—which is still seen as too much by some capitals, including Berlin.
Belgium did not mention the issue ["tax on Euroclear's profit"] in the text, arguing that it falls beyond the scope of its proposal. But pressure is growing on senior government figures to publicly explain how the money is being handed over to Ukraine, two EU diplomats said.

by Cat on Tue May 7th, 2024 at 10:49:34 PM EST
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