Belgium, where most frozen Russian central bank assets are held, expects to collect 2.3 billion euros ($2.4 billion) in taxes on the assets and use them to help reconstruct Ukraine, a spokesperson for Belgium's prime minister said on October 11. The European Union and the Group of Seven (G7) have been discussing whether they could use the interest paid on more than 300 billion euros of frozen Russian public money to fund Ukraine. The European Commission said in July it would present a proposal on whether there was a legally sound way to use the funds once the G7 agreed.
Belgium Expects To Use $2.4 Billion In Tax On Frozen Russian Assets To Fund Ukraine
An anti-Russian protest in Brussels in June