Page 19 - Windfall Profits News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Ukraine may have gotten one step closer to gaining access to frozen Russian assets to put toward its massive reconstruction needs. European Union leaders on Oct. 27 expressed support for a proposal to use billions of euros in windfall taxes from Russian assets tied up in the West to rebuild Ukraine. “Politically we agreed that ultimately Russia must pay for the long-term reconstruction of Ukraine,” Ursula von der Leyen, the European Commission president, said at the end of an EU summit in Brussels.

The European Council has approved a framework agreement to direct billions in revenue from frozen Russian assets towards Ukraine aid, the Financial Times reported on Oct. 27.

Italy issues clarification on new tax on banks' windfall profits, stating it won't exceed 0.1% of a firm's assets.

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Have a conscience, do they? you don't have a choice, - do you, there's only so many providers, if you want gas and electric- you have to pay it. with so little choice available, kaylee doesn't feel like she's got an option to change supplier. to hear they are making profit as well when they put all the energy bills up, it's not great, is it? the energy regulators say this profits are a one off blip and it's reasonable that they've allowed suppliers to charge more to try and take back some of that money which they say they lost during covid and the war in ukraine. but for customers, it feels di...