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Moscow might confiscate EU assets

European Union leaders have supported a proposal to use billions of euros in windfall taxes from Russian assets tied up in the West to rebuild Ukraine. The assets have been frozen since February 2022 when the West introduced a raft of sanctions to cripple Russia’s ability to finance the war against Ukraine, most notably by blocking the Central Bank’s access to its foreign-exchange reserves. Aleading official in Russia has warned his country will seize assets belonging to European Union states if the bloc “steals” frozen Russian funds. On Friday, European Commission president Ursula von der Leyen said Brussels was working on a proposal to use confiscated Russian funds to help rebuild Ukraine. Should EU move with caution with Russian assets ?

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