World

EU Approves Use of Income From Frozen Russian Assets for Ukraine - Czech Foreign Minister

MOSCOW (Sputnik) - The European Union has approved the use of revenues from frozen Russian assets to help Ukraine, Czech Foreign Minister Jan Lipavsky said on Tuesday, adding that 90% of the sum would go to the Ukrainian armed forces.
Sputnik
"We have approved in the EU using revenues from Russia's central bank's frozen assets to help Ukraine. Up to €3B only this year, 90% goes for Ukraine's military," Lipavsky said on X.
World
US Set to Use Power Given by Congress to Seize Frozen Russian Assets for Ukraine - Blinken
Foreign Ministry spokeswoman Maria Zakharova said that the EU plan to seize Russian central bank assets was an "escalation of economic aggression" and a trade war, and warned that Russia would respond in a correspondingly harsh manner. She said that any attempt to confiscate Russian assets would be a gross violation of the West’s own law, international rules and bilateral obligations.
Discuss