EU nations have decided to approve an outline deal to keep in reserve profits from hundreds of billions of dollars in Russian central bank assets frozen in retaliation for Moscow's war in Ukraine, an EU official said. The tentative agreement still needs formal approval but is seen as a step toward using some of the 200 billion euros in central bank assets to help Ukraine rebuild from Russian destruction. The official, who asked not to be identified, said the bloc “would allow to start collecting the extraordinary revenues generated from the frozen assets...to support the reconstruction of Ukraine.”
EU Moves Toward Using Profits From Frozen Russian Assets To Help Ukraine
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