European Council President Charles Michel called on European Union leaders of state and government to continue talks on using $300 billion worth of Russian central bank assets to help rebuild Ukraine, the Financial Times reported on Monday.
Mr. Michel said he would like to explore the idea of managing the Russian central bank’s frozen assets for profit, which could then be used to rebuild efforts, the document said.
It is a matter of fairness and it must be done in accordance with legal principles, Mr Michel said in an interview, according to the FT.
In November, the European Union froze €300 billion in Russian central bank reserves to punish Moscow for invading Ukraine.
Source: Reuters.
Source: Kathimerini
Anna White is a journalist at 247 News Reel, where she writes on world news and current events. She is known for her insightful analysis and compelling storytelling. Anna’s articles have been widely read and shared, earning her a reputation as a talented and respected journalist. She delivers in-depth and accurate understanding of the world’s most pressing issues.