EU exploring ways to use Russian oligarchs' frozen assets to rebuild Ukraine


  • World
  • Friday, 20 May 2022

FILE PHOTO: European Commission President Ursula von der Leyen attends a news conference during the North Sea Summit on offshore wind at Port of Esbjerg, Denmark May 18, 2022. Ritzau Scanpix/Bo Amstrup via REUTERS

BERLIN (Reuters) -The European Union is looking into ways of using the frozen assets of Russian oligarchs to fund the reconstruction of Ukraine after the war, European Commission President Ursula von der Leyen said on Thursday.

The commission proposed on Wednesday a 9 billion euro loan to Ukraine to keep the country going as it struggles to fend off the Russian invasion and wants to set up a reconstruction facility for after the war.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Explosions heard in southern Moscow at site of general's killing, Russia's Telegram channels say
US targets former EU commissioner, activists with visa bans over alleged censorship
Urgent: Fire breaks out in apartment building in Seoul, 2 in cardiac arrest: Yonhap
Nursing home explosion in U.S. Pennsylvania leaves residents trapped
Flash: Fire breaks out in apartment building in Seoul, 2 in cardiac arrest: local media
Loaded supertanker returns to Venezuelan waters amid US interceptions, TankerTrackers.com says
US judge tosses Trump challenge to New York immigration-related law
Blast heavily damages Pennsylvania nursing home, prompting search-and-rescue efforts
U.S. stocks close higher
1 killed, 3 injured in Ukrainian drone strikes in Russia's Belgorod

Others Also Read