EU must follow law in using frozen Russian assets to help Ukraine, Lagarde says

FRANKFURT: Any European Union decision on using frozen Russian state assets to help Ukraine must follow international law and the European Central Bank is “very attentive” to the process, ECB President Christine Lagarde said on Monday. The EU is searching for a way to finance Ukraine’s defense and reconstruction with some of the 210 billion euros worth of Russian sovereign assets immobilized in the West after Moscow’s invasion of Ukraine in 2022.

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