The European Union's leaders agreed during this week's summit to speed up legal work on seizing Russia-owned assets held in foreign banks to support Ukraine's reconstruction
MOSCOW (Pakistan Point News / Sputnik - 10th February, 2023) The European Union's leaders agreed during this week's summit to speed up legal work on seizing Russia-owned assets held in foreign banks to support Ukraine's reconstruction.
"The European Union, together with partners, is stepping up its work towards the use of Russia's frozen and immobilized assets to support Ukraine's reconstruction and for the purposes of reparation," their joint conclusions read.
Russian Foreign Ministry spokeswoman Maria Zakharova has described EU attempts to seize Russian money, including that of the Russian central bank, as theft.
The leaders said they had approved a seventh tranche of 500 million euros ($535 million) in military support to Ukraine under the European Peace Facility and launched a mission to train an initial 30,000 Ukrainian soldiers in 2023. This brings up the total military aid to 12 billion euros.
The 27-nation bloc also agreed to continue reinforcing its sanctions on Russia in close coordination with its global partners and bolster anti-circumvention measures.
