US EditionEU to work on using frozen Russian assets to aid Ukraine after war
The European Union aims to address Ukraine's funding gap with a special fund using €200 billion frozen Russian assets while managing legal and financial risks, officials said.
- The European Union will explore using frozen Russian assets to support Ukraine's defense and rebuilding efforts, as stated by EU foreign policy chief Kaja Kallas on August 30.
- Approximately €210 billion of Russian assets are currently frozen in the EU due to sanctions related to the invasion of Ukraine.
- Belgium's Foreign Minister Maxime Prevot noted that discussing the seizure of assets is not realistic at this time, but it's agreed that Russia should pay for damages.
- Last year, the G7 nations, including the EU, decided to use profits from these assets to fund a $50 billion loan for Ukraine.
Insights by Ground AI
Does this summary seem wrong?
23 Articles
23 Articles
ExpressenReposted by 
Aftonbladet
AftonbladetPressure is growing in the EU to use frozen Russian assets to help Ukraine. – It is our obligation to do so, believes Foreign Minister Maria Malmer Stenergard (M).
·Stockholm, Sweden
Read Full Article
The returns from riskier but more profitable investments could be a source of funding for Ukraine's reconstruction. The plan prevents the assets from returning to the Kremlin due to a Hungarian veto.
Coverage Details
Total News Sources23
Leaning Left4Leaning Right3Center3Last UpdatedBias Distribution40% Left
Bias Distribution
- 40% of the sources lean Left
40% Left
L 40%
C 30%
R 30%
Factuality
To view factuality data please Upgrade to Premium
