Brussels has reportedly given up on confiscating over $200 billion of Russian central bank funds EU authorities see no legal avenues for confiscating frozen Russian central bank assets and are instead planning to use the profits the funds generate, Bloomberg reported on Wednesday, citing a document. Lawmakers from across the block have been debating the legality of expropriating more than €200 billion ($219 billion) in frozen Russian holdings and channeling them to Ukraine. The lion’s share of the seized funds are at settlement giant Euroclear, where they have reportedly generated around €750 million during the fi
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