Skip to content
Edit post

EU freezes 300 billion euros from Russian Central Bank

by The Kyiv Independent news desk October 29, 2022 3:09 PM 1 min read
This audio is created with AI assistance

Support independent journalism in Ukraine. Join us in this fight.

Become a member Support us just once

EU Justice Commissioner Didier Reynders said that "from his point of view," it would be possible to keep these 300 billion euros as a guarantee until Russia voluntarily participates in the reconstruction of Ukraine.

According to Reynders, the European Union has also frozen a total of 17 billion euros in Russian assets since the beginning of Moscow's full-scale invasion of Ukraine. The assets of 90 people have been frozen in seven member states, including €2.2 billion in Germany, Reynders said.

"If it is money that comes from criminal businesses that the EU seizes, it is possible to channel it into a compensation fund for Ukraine. However, the amount is nowhere near enough to finance reconstruction," the commissioner told the Funke media group of newspapers.

Ukraine's Finance Minister Serhii Marchenko earlier said that Ukraine would need $38 billion a year for post-war reconstruction.

Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

12:06 AM

Media: Rosatom's top manager arrested over suspicion of bribery.

The Basmanny court in Moscow arrested on March 28 Gennadiy Sakharov, Russian state nuclear energy company Rosatom's construction project director, due to the accusations of receiving a bribe in "a particularly large amount," Russian media outlet Kommersant reported.
Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
8:30 PM

Shmyhal, Duda meet in Warsaw.

Prime Minister Denys Shmyhal met with Polish President Andrzej Duda on March 28, as part of his official visit to Warsaw.
7:38 PM

Zelensky, Speaker Johnson hold call.

President Volodymyr Zelensky and U.S. House of Representatives Speaker Mike Johnson held a phone call on March 28, Zelensky announced on social media.
4:50 PM

Ukraine, Poland ready to conclude agreement on joint border control.

In the document published following the talks, the parties "confirmed their readiness to conclude an Agreement on providing control at joint border checkpoints and cooperation of control bodies" and, once approved by the European Commission, "to launch logistical data exchange at selected road border crossing points."
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.