EU Presses Ahead on Unlocking €140 Billion From Russian Assets
The European Union is taking steps to unlock €140 billion ($164 billion) from frozen Russian central bank assets to provide aid to Ukraine. The plan is being discussed at a summit in Denmark, where EU leaders are working to build momentum for this initiative. The funds would come from assets that have been immobilized as part of the sanctions imposed on Russia following its invasion of Ukraine. This move aims to channel Russian resources towards supporting the Ukrainian government and people, who have faced significant challenges since the conflict began. The EU's efforts to leverage these frozen assets demonstrate its commitment to providing substantial financial assistance to Ukraine and holding Russia accountable for its actions.
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