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Europeans move towards seizing €200bn of Russian assets

French discuss proposal for Kremlin to lose securities if it breaches a future ceasefire

Europe’s biggest powers are swinging behind efforts to seize more than €200bn of frozen Russian assets, as they draw up plans for a ceasefire deal in Ukraine.

France and Germany, long opposed to a full-blown seizure of the assets held in the EU, are discussing with the UK and other countries ways in which they could be used.

French officials have discussed a proposal for European capitals to seize the assets if Moscow were to violate a future ceasefire deal in Ukraine, said three people briefed on the talks, as part of efforts to provide post-conflict security guarantees for Kyiv.

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