The proceeds from the frozen central bank assets will be used for military assistance to Kiev, according to the bloc’s foreign policy chief The EU has approved the transfer of €1.4 billion ($1.5 billion) in profits from Russia’s frozen assets as military assistance to Ukraine, the bloc’s foreign affairs chief Josep Borrell announced on Monday. The statement was made at a press conference following a meeting of EU Council foreign ministers. Western nations have frozen around $300 billion in Russian sovereign assets over the Ukraine conflict, around $280 billion of which is immobilized in the EU. “The ministers tod
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