EU agrees to tap Russian assets to arm Ukraine ...News

The bloc wants to seize proceeds from some $200 billion of Moscow’s immobilized funds The European Union has agreed on the expropriation of profits from frozen Russian assets to continue funding and arming Kiev, Brussels announced on Wednesday. The bloc’s ambassadors agreed on the course of action “in principle,” but the legal text is still to be ratified by the EU Council. The proposal targets proceeds from some €191 billion ($205 billion) in Russian funds currently held immobilized in the Belgian clearing house Euroclear. In total, Western states froze an estimated $300 billion of Moscow’s sovereign capital abro

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