Russian President Vladimir Putin.Mikhail Klimentyev/Sputnik/AFP The EU is considering using the interest generated from frozen Russian assets to help rebuild Ukraine, per CNN. The bloc has been considering seizing frozen Russian assets for this purpose since last year. However, there have been concerns about the legality of such a move. The European Union is considering using the interest generated from frozen Russian assets to help rebuild Ukraine after the war, an EU official told CNN in an interview published on Thursday.This is one of the ideas the EU has received as the bloc grapples with how to rebuild Ukraine — which would cost $411 billion over 10 years, the World Bank estimated in March.

BING NEWS:
  • EU countries greenlight €35 billion loan for Ukraine using Russia's frozen assets
    Under the G7 plan, the windfall profits earned by Russia's frozen assets will be used to gradually repay a multi-billion loan for Ukraine.View on euronews ...
    10/10/2024 - 4:18 am | View Link
  • EU envoys approve up to 35 billion euros contribution to G7 loan for Ukraine
    EU envoys agreed on Wednesday to give Ukraine up to 35 billion euros as part of the bloc's share in a larger planned loan from the Group of Seven nations (G7) backed by frozen Russian central bank ...
    10/9/2024 - 6:29 pm | View Link
  • EU approves 35-billion-euro loan for Ukraine using frozen Russian assets
    European Union countries have approved an unprecedented plan to issue a 35-billion-euro ($37.2 billion) loan to support Ukraine's war-torn economy, using Russia's immobilized Central Bank assets as ...
    10/9/2024 - 12:44 pm | View Link
  • EU Advances €35 Billion Ukraine Loan Plan Tied to Russian Assets
    The European Union gave preliminary backing to a non-refundable loan package for Ukraine of up to €35 billion ($38.3 billion) backed by immobilized Russian central bank assets as it seeks to sustain ...
    10/9/2024 - 5:15 am | View Link
  • EU pledges to loan Ukraine up to $39 billion to help rebuild its economy and power grid
    G7 leaders agreed in June to engineer a $50 billion loan to help Ukraine in its fight for survival. Interest ... the EU has already provided Ukraine with more than 118 billion euros ($132 billion) in ...
    09/19/2024 - 7:32 pm | View Link
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