Today, the European Commission will suggest to EU countries that future profits should be used for the Ukrainian defence industry, according to a draft seen by the Financial Times, Report informs.

EU sanctions have immobilized about €191 billion of sovereign Russian assets on the books of Euroclear. The Brussels-based central securities depository made €3.25 billion in profit after tax since the start of the war by reinvesting cash balances from maturing securities, which belong to Russia’s central bank or other sanctioned individuals.