The European Union intends to use the proceeds received from Russia’s fixed assets in Europe.
The European Commission intends to send 15 billion euros from Russia’s fixed assets to Ukraine as financial support, but the developed plan must be supported by all EU member states. The Financial Times reported this on Monday, December 11.
“We are working to ensure that mobilized Russian assets can also be used in favor of Ukraine,” said European Commission spokeswoman Ana Pizonero.
According to the Financial Times, the EU intends to use revenues from Russian fixed assets in Europe to finance aid to Ukraine. Such a scheme, writes the FT, intends to raise up to 15 billion euros.
For the plan to work and the money to reach Kyiv, the united support of EU member states is needed.
Frozen Russian assets can now be used as a “down payment for reparations to the Russian Federation.”
Calculating how much money it would take to restore Ukraine after the war with Russia.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.