Ad
Half the Kremlin's foreign reserves could be tapped, according to four EU states (Photo: Dennis Jarvis)

Russia's $300bn on table in EU talks on war repairs

The West should use a $300bn (€284bn) hoard of frozen Russian treasure to rebuild Ukraine, four EU states are lobbying finance ministers to consider.

"Like-minded nations have frozen around $300bn out of $640bn that the Russian Federation had accumulated in its foreign currency reserves — this constitutes a substantial source of funding for Ukraine and its post-war needs," Estonia, Latvia, Lithuania, and Slovakia plan to say in a joint declaration seen by EUobserver.

"On top, we ...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here

Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Half the Kremlin's foreign reserves could be tapped, according to four EU states (Photo: Dennis Jarvis)

Tags

Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Ad

Related articles

Ad