#EU senior diplomats meeting on Wednesday agreed a compromise on using the estimated €4.4bn #WindfallProfits to aid #Ukraine, smoothing over a dispute about #Taxation and #ManagementCosts in #Belgium, the country where most of the frozen assets are held.

The EU deal opens the door to a broader discussion in the #G7 about using #Russia’s frozen billions of assets,

EU reaches deal on using profits from Russia’s frozen assets for Ukraine
https://www.theguardian.com/world/article/2024/may/08/eu-reaches-deal-on-using-profits-from-russias-frozen-assets-for-ukraine

EU reaches deal on using profits from Russia’s frozen assets for Ukraine

10% of the windfall profits will fund non-lethal aid to assuage EU member states that do not wish to fund arms

^{Jennifer Rankin (The Guardian)}