Brussels is pushing to give Ukraine €2bn-€3bn this year from profits derived from Russia’s frozen assets, accelerating the funding plan as US financial support to Kyiv wanes.
The European Commission is preparing a plan, according to officials, that would involve seizing sanctions-related profits, dating from February onwards, earned at the central securities depository Euroclear.
After months of wrangling, a first tranche of money could be disbursed as early as July if Brussels can secure approval of member states, officials said. The proposal is expected before a summit of EU leaders next week.
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