EU close to agreement on using Russian assets to help Ukraine – minister ...News

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EU close to agreement on using Russian assets to help Ukraine – minister
Moscow has previously warned that such a move would undermine “the legal foundations of European and international law” The EU is “close to a political agreement” on seizing the profits generated by Russia’s central bank reserves that remain frozen in connection with Ukraine-related sanctions, Belgian Finance Minister Vincent Van Peteghem said on Sunday. The West immobilized around $300 billion in assets belonging to the Russian central bank following the start of hostilities in February 2022 in a move denounced by Moscow as essentially “theft.” Around $280 billion of this sum is held in the EU, primarily in the B

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