EU mulls using interest from frozen Russian assets to rebuild Ukraine

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Rebuilding Ukraine after the war could cost $411 billion. The EU thinks an estimated $3 billion interest generated from frozen Russian assets every year could help.

"We are determined to make sure that Russia pays for the damage caused to Ukraine," the EU spokesperson added to Insider.

While EU authorities have frozen more than $200 billion in Russian assets amid sweeping sanctions against the country, there have been concerns about the legality ofThe process of just seizing and selling Russian assets is very complicated from a legal standpoint, Tiffany Comprés, an attorney specializing in international law at FisherBroylesShe explained it's because such a move would require changes in the ownership of the assets, and such processes would vary in different...

 

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