The EU has passed Regulation (EU) 2024/1469 and Decision (CFSP) 2024/1470 ordering central securities depositories holding Russian sovereign assets and reserves of more than €1 million to make a financial contribution to the EU of 99.7% of the net profits from those assets (Council press release, Commission press release).
CSDs will be allowed provisionally to retain 10% of the financial contribution to comply with statutory capital and risk management requirements (and they may submit a request to the national supervisory authority to retain more if required).
Starting from July 2024, the EU will distribute 90% of the profits received to the European Peace Facility to support the Ukraine military and 10% to other EU programmes to fund reconstruction of Ukraine.