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

  • 📰 cnni
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in BUSİNESS

Business Business Latest News, Business Business Headlines