EU set to endorse deal to turn frozen Russian assets into support for Ukraine
1 hour ago Share Save Laura Gozzi Share Save
Reuters The price tag of Ukraine's reconstruction and recovery has been put at well above $486bn
European leaders aim to endorse controversial plans to use Russian frozen assets to support Ukraine at a meeting in Brussels on Thursday. The unprecedented proposal for what the EU has dubbed a "reparations loan" - would see Kyiv receive €140bn (£121bn) worth of frozen Russian state assets currently held by Euroclear, a Belgium-based financial institution. The plan has been months in the making, partly due to the legal complexities surrounding it, as well as concerns from member states about upsetting global financial stability
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