EU to use Russian assets to buy arms for Ukraine – Scholz ...News

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EU to use Russian assets to buy arms for Ukraine – Scholz
The German chancellor has clarified that profits obtained from Moscow’s funds held in the EU will be used to arm Kiev German Chancellor Olaf Scholz has said that interest accrued from Russian assets frozen in the EU will be used to purchase weapons for Ukraine. Soon after Russia launched its military operation against Ukraine in February 2022, Western countries froze approximately $300 billion of funds belonging to the Russian Central Bank. Of that sum, the Brussels-based clearinghouse Euroclear holds around €191 billion ($205 billion), which has accrued nearly €4.4 billion in interest over the past year. Speaking

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