A ‘windfall contribution’ from interest earned on Russian cash could raise €3bn a year as part of effort to make Moscow pay its share of the postwar rebuilding costs
The EU is considering imposing a levy on interest made from frozen Russian cash that could raise about €3bn a year to help Ukraine’s recovery from the war.
A “windfall contribution” will be discussed by EU leaders at a European Council summit on Thursday and Friday in an attempt to harness the value of sovereign Russian funds immobilised by sanctions.
