EU mulls using frozen Russian assets for military support of Ukraine – Borrel ...News

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The funds belonging to Moscow’s central bank have accrued nearly €4.4 billion in interest over the past year The EU is discussing the option of using profits generated by frozen Russian assets for not only reconstruction in Ukraine, but also for military support, the bloc’s foreign policy chief Josep Borrell has said.  EU nations agreed unanimously in late January to set aside billions of euros of windfall profits from frozen Russian funds in Europe, to help fund Ukraine’s reconstruction.  If EU members agree that the assets can be used to rebuild Ukraine, they can also be used to “avoid the destruction” of the co

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