Learn more

The Kremlin on Wednesday criticized European Union plans to use income from frozen Russian assets to provide military aid to Ukraine as “expropriation.” EU ministers on Tuesday gave final approval to use the proceeds of Russian assets frozen in the EU to help Ukraine. The agreement concerns the use of interest and other profits from the assets, but not the underlying assets themselves, which will remain frozen. The move could yield as much as €3 billion ($3.23 billion) for aid in 2024 alone. Kremlin spokesman Dmitry Peskov said on Wednesday that the EU had opted for a “trimmed-down” plan which…

cuu