By bne IntelliNews The EU has opted against transferring €5bn to Ukraine from the proceeds derived from frozen assets of the Russian Federation, a decision likely to stoke controversy amidst heightened tensions between the EU and Russia. The funds, accrued from investments of frozen Russian assets in the EU between 2022 and 2023, will remain in Euroclear, the entity responsible for holding a significant portion of the Russian Federation’s assets in the EU, according to recent reports. The European Commission had previously proposed allocating 90% of the revenues generated from Russia’s frozen …