Poland’s Tusk Urges EU to Tap Frozen Russian Assets for Ukraine
Donald Tusk
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The European Union should tap Russia’s frozen assets to help Ukraine as using just the windfall profits is not enough, Polish Prime Minister Donald Tusk said on Thursday.
About $280 billion in Russian assets have been frozen by Kyiv’s western allies, with more than two thirds of those blocked in the EU. The vast majority of the Russian funds has been immobilized through the Belgium-based clearing house Euroclear where they generated about €4.4 billion in profits last year.