EU proposes using frozen Russian assets to provide €90 billion to Ukraine
The European Commission has unveiled plans to provide €90 billion to support Ukraine over the next two years, by either using frozen Russian assets or borrowing money on international markets. Although the EU has already been using interest earned on Russian central bank assets held up in Europe to help Ukraine, Belgium is firmly against tapping into the actual funds. But first, the EU has presented a new strategy to reduce its dependence on China for rare earths.
The European Commission has unveiled plans to provide €90 billion to support Ukraine over the next two years, by either using frozen Russian assets or borrowing money on international markets. Although the EU has already been using interest earned on Russian central bank assets held up in Europe to help Ukraine, Belgium is firmly against tapping into the actual funds. But first, the EU has presented a new strategy to reduce its dependence on China for rare earths.
This article has been sourced from various publicly available news platforms around the world. All intellectual property rights remain with the original publishers and authors. Unshared News does not claim ownership of the content and provides it solely for informational and educational purposes voluntarily. If you are the rightful owner and believe this content has been used improperly, please contact us for prompt removal or correction.
.jpg?#){kind=small}
