The EU is preparing the absorption of proceeds from frozen Russian Central Bank funds, and a mechanism to keep the funds for Ukraine. The current Belgian EU Council Presidency announced that representatives of the 27 member states had agreed on the proposal on Monday evening. “EU Ambassadors just agreed in principle on a proposal on the use of windfall profits related to immobilised assets to support #Ukraine’s reconstruction,” the Belgian EU presidency announced on social media platform X, formerly Twitter. It now only needs to be formalized and should then be officially adopted by written pr…