EU agrees to use profits from frozen Russia’s assets to support Ukraine

May 9, 2024 - 07:23

EU agrees to use profits from frozen Russia’s assets to support Ukraine

EU ambassadors have agreed on measures to utilize profits from frozen Russian assets within the EU, as reported by Belgium, the current EU presidency holder.

If implemented, Ukraine could receive approximately €3 billion ($3.3 billion) annually. However, Kyiv is pushing for the confiscation of the entire $210 billion sum.

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