Europe's leaders are piling pressure on the EU to release $200 billion of frozen Russian assets to fund Ukraine
Europe’s leaders to the East are piling pressure on the EU to release hundreds of billions of dollars worth of frozen Russian assets to fund Ukraine’s war effort as relations with the U.S. deteriorate.
Leaders from Poland, Estonia, and Finland have in the last week added to growing calls to liquidate Russian central bank reserves, which have been valued between $200 billion and $300 billion.
Russian central bank reserves located in Europe—including currency, gold, and government bonds—were seized as part of wide-ranging sanctions against the country when Russia launched its February 2022 invasion of Ukraine.
To date, they have stayed put owing to questions over the legality of unlocking the funds, nerves over the ramifications of unlocking them, and their alternative potential as a bargaining tool in peace talks.
https://www.msn.com/en-us/money/markets/enough-is-enough-europe-s-leaders-are-piling-pressure-on-the-eu-to-release-200-billion-of-frozen-russian-assets-to-fund-ukraine/ar-AA1zKvTf