During the public portion of the session, participants had the opportunity to exchange views on the Commission’s recent proposal to reform the EU’s system of own resources. Other key agenda items included Commission presentations on tobacco taxation and a recommendation to member states outlining a blueprint for the establishment of savings and investment accounts.
The session, chaired by Danish Minister for Economic affairs, Stephanie Lose, also opened discussions on Friday morning regarding the possible use of frozen Russian assets held in Europe. A previous Commission proposal suggested that up to €140 billion in frozen Russian funds could be redirected as a form of “reparation loan” to support Ukraine’s ongoing war efforts.
