EU Should Use Frozen Russian Assets to Boost Defense, Spain Says
A Russian aerial bombing in Kramatorsk, Donetsk Oblast.
Source: Global Images Ukraine/Getty Images
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Spain proposed setting up a new defense fund to provide non-refundable grants to beef up Europe’s defense lines and provide support for Ukraine using Russia’s immobilized central bank assets.
Economy Minister Carlos Cuerpo urged his European Union counterparts Saturday to create such a temporary instrument to finance large-scale European-wide projects.