Brussels agrees to send €3bn from frozen Russian assets to aid Ukraine
EU diplomats agreed Wednesday to use income from frozen Russian state assets to aid Ukraine – paving the way for the war-torn country to get around €3 bn for arms purchases and reconstruction before the summer. Since the full-scale invasion of 2022, €210 billion in assets of the Moscow central bank have sat frozen within the bloc – chiefly at the Euroclear depositary in Belgium. The deal was agreed “in principle” at a regular meeting of national representatives, according to a tweet by Belgium, currently chairing talks in the European Council. Brussels has long touted using the interest from t...