Can frozen Russian assets be used to rebuild Ukraine? The EU is considering it | CNN Business

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The European Union is setting up a working group to examine whether frozen Russian assets can be used to rebuild Ukraine

The group will carry out a “legal, financial, economic and political analysis” to assess this possibility, the Swedish government said in a statement Tuesday. Sweden currently holds the rotating presidency of the EU Council, which sets the bloc’s political priorities. The statement added that part of this work would involve obtaining a “clearer picture” of where Russian state-owned assets are located and their value.

Ukraine’s economy shrank by more than 30% in 2022 as the war destroyed infrastructure, hurt businesses and disrupted daily life. The cost of reconstruction and recovery in the country was put at roughly $349 billion in a September assessment from the World Bank, the European Commission and Ukraine’s government. But ongoing fighting will have raised the price tag since then.

 

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Why not?

Frozen translation stolen

Just leave russia alone man and stop this stupid war. Before its too late

I think they should look at how Assets of George Bush, Tony Blaire, coould be use to rebuild Iraq, Yemen, Afghanistan,.. etc... It will be a good way to develop a model .😜😜

Then Russia will say I'm wrecking my own property .😂😂

Do It!

Democrats will work to make sure Americans foot the bill.

It certainly can help, any Russia asset to rebuild Ukraine is good. But what about people spirit?🥺🥺🥺 How 🤔can Ukrainian spirit be healed after seeing such unprovoked mass genocide...?

No Brainer!

the Europe union is arguing whether we’ll be a robber or stealer

That will set a will apply to others as well.

Theft in one Word.

The EU is stealing in broad daylight and everybody is suddenly blind and deaf.

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