EU claims to have found way to access frozen Russian funds – Bloomberg ...News

Brussels reportedly wants to use the seized assets to rebuild Ukraine The European Union has told member states that it has legal authority to temporarily leverage a hefty amount of Russian Central Bank assets to pay for the rebuilding of Ukraine, Bloomberg reported on Thursday, citing people familiar with the matter. The mechanism could reportedly involve as much as €33.8 billion ($36.8 billion) of the funds frozen by the bloc as part of the Ukraine-related sanctions imposed on Moscow. According to the EU’s Council Legal Service, the plan is legally feasible if the assets aren’t expropriated and certain condition

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