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Europe

EU nations agree to long-term freeze on Russian assets to support Ukraine
Global Affairs

EU nations agree to long-term freeze on Russian assets to support Ukraine

The frozen funds, totaling up to €210bn, have been held in the EU since Russia launched its large-scale invasion of Ukraine in February 2022. Most of the money is stored at Belgium’s Euroclear, and EU leaders hope to finalise a plan at next week’s summit that would channel the money to Ukraine to sustain its economy and defence operations.

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