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Borrell: EU should seize Russian reserves to rebuild Ukraine.

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The EU's foreign affairs chief, Josep Borrell, told Financial Times that the bloc should consider seizing frozen Russian foreign exchange reserves to help pay for the cost of rebuilding Ukraine after the war.

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We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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Russia failed to break Ukraine’s army on the battlefield, and now it’s trying to do it through a peace plan that would cap Ukraine’s forces at 600,000. Some argue that Ukraine would shrink its army — currently estimated at about 800,000 — after the war anyway.

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