Billions of frozen Russian assets and other profits are slowly being redirected to help Ukraine
European Union nations have decided to approve an outline deal that would keep in reserve the profits from hundreds of billions of dollars in Russian central bank assets that have been frozen in retaliation for Moscow’s war in Ukraine, an EU official said. The tentative agreement was reached in late January, but still needs formal approval. It is seen as a first step toward using some of the $216 billion in Russian central bank assets in the EU to help Ukraine rebuild from Russian destruction. The official, who asked not to be identified since the agreement was not yet...
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