EU Backs Russian Frozen Asset Plan to Aid Ukraine, Sparks Hungarian Anger By Andrew Gray (Reuters) -European Union governments agreed to use 1.4 billion euros ($1.50 billion) in profits from ...

The EU's plan for the immediate use of profits from frozen Russian assets is separate from a decision by G7 leaders this month to use future proceeds to fund $50bn (€47bn) in loans to Ukraine.

UPDATE 4-EU Backs Russian Frozen Asset Plan to Aid Ukraine, Sparks Hungarian Anger June 24th, 20PM June 24th, 20PM (Updates with Borrell comments at end of meeting, paragraphs 5-6) By Andrew Gray ...

European Union member states have tentatively approved a plan to use the profits generated by Russian sovereign assets frozen in the bloc to support Ukraine’s recovery and military defense.

The European Union plans to keep €210 billion worth of Russian assets frozen within the EU in order to channel the extraordinary profits they generate to Ukraine until at least the end of 2025. Source ...

The European Commission has launched a plan to try using billions of dollars and euros of frozen Russian assets to help finance the reconst EU’s frozen Russian assets plan is best put on ice ...

Around 90% of the revenues generated from Russian frozen assets should be spent on arms purchases for Ukraine, Chancellor Olaf Scholz said on Monday, supporting an earlier EU proposal to use ...

The European Union intends to generate hundreds of billions more euros from frozen Russian assets by transferring them to an alternative investment fund. Source: Politico, citing European ...

The EU has frozen about $235 billion in Russian assets. The European Commission — the EU’s executive branch — has signed off on the $39 billion loan, but it still must be agreed to by a ...

Belgium says such profits could generate €3 billion a year for Ukraine, and announced plans this month to use €2.3 billion in taxes from Russian assets frozen in Belgian financial institutions ...

The assets were frozen in 2022 in response to Russia’s full-scale invasion of Ukraine. However, confiscating them outright could lead to legal and financial repercussions. The EU hopes that by using ...