EU states urge Brussels to draft new plan for transferring frozen Russian assets to Ukraine
Several EU member states are calling on the European Commission to relaunch efforts to use Russia's frozen sovereign assets to fund Ukraine, the Financial Times reported.
A number of European Union member states have called on Brussels to revive and intensify efforts to use Russia's frozen sovereign assets for financing Ukraine, according to a report published Thursday by the Financial Times.
According to the newspaper, the countries in question want the European Commission to draw up a new plan for channeling these funds to meet Ukraine's needs. The source article does not specify exact sums, which countries are involved, or details of the proposed new plan.
Background
The question of using Russia's frozen assets to support Ukraine has been a long-standing topic within the European Union, but member states have so far failed to reach a unified position on how to legally and practically direct these funds to Ukraine. The renewed call suggests that some EU countries want to speed up decision-making on the matter.
The European Commission is now expected to respond to the member states' request, though it remains unclear when or in what form a new plan might be presented.
