EU agrees to tap profits from frozen Russian assets ...News

The bloc had been debating directing the income generated by the reserves to Ukraine for more than a year EU member states have reached an agreement that is expected to allow Brussels to transfer the income generated by Russia’s frozen central bank reserves to Kiev, according to an X (formerly Twitter) post on Monday by the Belgian presidency of the EU Council.  “EU Ambassadors just agreed in principle on a proposal on the use of windfall profits related to immobilised assets to support Ukraine’s reconstruction,” the message reads. The Financial Times, meanwhile, reported that EU envoys had approved a plan aiming

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