EU Moves Ahead on Plan to Tax Gains of Frozen Russian Assets
- EU foreign ministers discussed the proposal on Monday
- The plan would stop short of seizing Russian assets outright
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The European Union is progressing with plans to apply a windfall tax to the profits generated by frozen Russian central bank assets, while opting not to seize the immobilized money outright.
EU foreign ministers gave their political blessing to the windfall tax on Monday and it will be discussed by the bloc’s ambassadors later this week, according to people familiar with the plans.