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 European Union intends to generate hundreds of billions more euros from frozen Russian assets by transferring them to an ...

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.

Putting €200 billion of Russian funds in riskier investments would boost payments to Ukraine without touching the underlying ...

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 ...

Making Russia pay for Ukraine sounds like a no-brainer moral imperative. The European Commission has launched a plan to try using billions of dollars and euros of frozen Russian assets to help ...

The European Union is moving ahead with a proposal to tax profits from more than €200 billion ($218 billion) of frozen Russian central bank assets to aid Ukraine’s reconstruction despite ...

Ukraine may have gotten one step closer to gaining access to frozen Russian assets to put toward its massive reconstruction needs. European Union leaders on Oct. 27 expressed support for 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 ...