International
EU countries agree to use profits from frozen Russian assets in defense of Ukraine
The ambassadors of the member states to the European Union (EU) reached an agreement on Wednesday in principle to use the benefits of frozen Russian assets to support “the recovery and military defense” of Ukraine in the face of Russia’s aggression.
“The EU ambassadors agreed in principle on measures on the extraordinary benefits of Russia’s fixed assets,” the Belgian presidency of the Council of the EU wrote in its profile of social network X.
He added that the money “will serve to support the recovery of Ukraine and military defense in the context of Russian aggression.”
The European Commission proposed last March to use the extraordinary benefits of Russian assets frozen by the sanctions in relation to the war in Ukraine, which amount to between 2.5 and 3 billion euros per year, to finance weapons and ammunition for that country mainly.
The first transfer of profits to help Ukraine defend itself against Russia is expected to take place in July.
Community sources detailed that 90% of the profits of fixed assets will go to the European Peace Support Fund (FEAP) for military support. The FEAP is an instrument through which EU countries co-finance the shipment of weapons to Ukraine since the beginning of the Russian invasion in February 2022.
The other 10% will go to the macro-financial aid package to Ukraine from the general budget of the European Union. This year, the community club agreed on an aid of 50 billion euros to Ukraine that is part of the revised community budget, covers the next four years until 2027 and is disbursed in the form of loans (33 billion euros) and grants (17 billion).
Most of the frozen Russian assets are deposited in Euroclear, a Brussels-based body that owns about 192 billion euros.
Belgium keeps a part of the profits of those securities in terms of corporate taxes, a fact that has been criticized by other Member States.
That country argues that it is a “general tax, not something that has been invented for Ukraine” and that part of what is collected serves precisely to help Kiev with its weapons needs and to support refugees.
The sources specified that the tax revenues generated in Belgium by those profits will continue to be allocated to Ukraine in its entirety.
The corporate tax is 25% in Belgium and applies to all companies, according to the sources, who insisted that it is impossible to eliminate it.
However, they recalled that in 2022 Belgium decided to allocate all those extraordinary corporate tax revenues to support Ukraine and that in 2023 they created a specific fund for it.
For the fiscal year of 2024, an amount of 1.7 billion euros of national corporate taxes is expected from immobilized Russian assets, of which about 1 billion have already been allocated to Ukraine.
The new legislation will apply to the remaining extraordinary benefits after this mandatory taxation, according to the sources.
The ambassadors of the Member States decided that the rate that Euroclear will charge for handling the assets will be 0.3%.
Some States such as Austria, Ireland, Malta and Cyprus are reluctant to buy weapons for Ukraine because of their policy of neutrality and Hungary has repeatedly said that it does not support the idea.
International
Man arrested after deliberately driving into seven children in Osaka
Japanese police arrested a man on Thursday after he rammed his car into a group of seven schoolchildren in an apparent deliberate attack in the city of Osaka.
The children, who were on their way home from school, sustained injuries and were taken to the hospital. All seven remained conscious, according to local authorities.
An Osaka police officer, speaking on condition of anonymity, said the suspect is a 28-year-old man from Tokyo. The officer shared statements the man made after his arrest: “I was fed up with everything, so I decided to kill people by driving into several elementary school children,” the suspect reportedly said.
The man has been arrested on suspicion of attempted murder.
The injured children, aged between seven and eight, included a seven-year-old girl who suffered a fractured jaw. The six other children—all boys—suffered minor injuries such as bruises and scratches and were undergoing medical evaluation.
Witnesses described the car as “zigzagging” before hitting the children. One witness told Nippon TV that a girl was “covered in blood” and the others appeared to have scratches.
Another witness said the driver, who was wearing a face mask, looked to be in shock when school staff pulled him from the vehicle.
Violent crimes are rare in Japan, though serious incidents do occur from time to time. In 2008, Tomohiro Kato drove a two-ton truck into pedestrians in Tokyo’s Akihabara district, then fatally stabbed several victims. Seven people were killed in that attack.
Internacionales
Clashes erupt during may day protests across France amid calls for better wages
May Day protests in France were marked by a heavy police presence and clashes between demonstrators and law enforcement in several cities.
In Paris, Lyon, and Nantes, thousands took to the streets to demand better wages, fairer working conditions, and to voice their dissatisfaction with President Emmanuel Macron’s government.
While the majority of the demonstrations remained peaceful, isolated confrontations broke out in some areas. Protesters threw objects at the police, prompting the use of tear gas and resulting in several arrests.
Videos showing police crackdowns circulated widely on social media, drawing criticism from labor unions and human rights advocates, who denounced the authorities’ response to the protests.
International
Kristi Noem credits Trump for mass migrant deportations by mexican president
U.S. Secretary of Homeland Security Kristi Noem claimed that Mexican President Claudia Sheinbaum has deported “more than half a million” migrants due to pressure from former President Donald Trump.
During a cabinet meeting highlighting the “achievements” of Trump’s administration in its first 100 days, Noem asserted that under the Republican leader’s influence, “Mexico has finally come to the table” to negotiate on migration and fentanyl trafficking.
“The president of Mexico told me she has returned just over half a million people before they reached our border,” Noem stated, criticizing media reports that suggest the Biden administration deported more migrants than Trump’s.
“I wish those deportations were counted,” Noem added, “because those people never made it to our border—she sent them back because you made her.” She went on to thank Trump: “They never made it here because they got the message—because you were so aggressive.”
Noem has made controversial claims about Sheinbaum in the past, prompting the Mexican leader to refute them.
On April 1, Sheinbaum responded to one such statement by declaring, “The president answers to only one authority, and that is the people of Mexico,” after Noem said on Fox News that she gave Sheinbaum “a list of things Trump would like to see” and that Mexico’s actions would determine whether Trump granted tariff relief.
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