The European Union is advancing a major proposal to utilize more than €210 billion in frozen Russian sovereign assets to support Ukraine’s financial and reconstruction needs. The European Commission is exploring ways to direct profits — and possibly the principal — toward long-term assistance for Kyiv. While key EU members support making Russia “pay for the damage,” Belgium, which holds a significant portion of the assets, has raised legal and financial concerns. Moscow has warned of retaliation if its funds are seized. The plan underscores the EU’s hardening stance and signals a potential global shift in how frozen wartime assets may be deployed.
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