EU Moves Closer to Using Frozen Russian Assets for Ukraine Aid

Leaders agree on a $50 billion package, exploring legal avenues to utilize billions in interest from frozen assets for reconstruction.

EU leaders agree to a $50 billion aid package for Ukraine, moving closer to using interest from frozen Russian assets for reconstruction.
Euroclear reports generating €5.2 billion in interest on frozen Russian assets, highlighting the impact of sanctions on its operations.
The EU explores legal and financial avenues to utilize the interest income from frozen Russian assets without violating international law.
Options include taxing the interest income from frozen reserves or directing institutions to invest proceeds for Ukraine's benefit.
The potential use of frozen Russian assets for Ukraine's reconstruction underscores the EU's commitment to making Russia contribute to the costs.