frozen Russian assets

Use Russian asset profits to arm Ukraine: EU chief

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Use Russian asset profits to arm Ukraine: EU chief

STRASBOURG: European Commission chief Ursula von der Leyen called on Wednesday for profits from Russian assets frozen in the West to be used to fund military equipment for Ukraine.Calls have been mounting to find ways to support Kyiv’s war effort by tapping the bank accounts, investments and other assets frozen after Russia invaded its neighbour … Read more

EU’s von der Leyen proposes using frozen Russian profits for Ukraine’s military

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EU’s von der Leyen proposes using frozen Russian profits for Ukraine’s military

BRUSSELS: The European Union should consider using profits from frozen Russian assets to buy military supplies for Ukraine, European Commission President Ursula von der Leyen said on Wednesday. “It is time to start a conversation about using the windfall profits of frozen Russian assets to jointly purchase military equipment for Ukraine,” she told the European … Read more