Jeremy Hunt

US, UK signal support for EU windfall tax plan on using frozen Russian assets for Ukraine reconstruction

US, UK signal support for EU windfall tax plan on using frozen Russian assets for Ukraine reconstruction

  • Per EU estimates, windfall profit from Russia’s frozen assets in Europe could provide $3.27 billion a year to rebuild Ukraine
  • British FM says Russia must be made to bear the costs of reconstruction of Ukraine as a consequence of its invasion
By Reuters ·