Russia intensifies assault on Kurakhove, deploying more troops - DeepState
European Commission will direct Russian $319 billion frozen in EU to finance recovery of Ukraine
The head of the European Commission, Ursula von der Leyen, said that $319 billion frozen in the EU will be directed to a special fund for the recovery of Ukraine
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Von der Leyen announced this during a speech she posted on Twitter.
"Damage suffered by Ukraine is estimated at 600 billion euros. Russia and its oligarchs must compensate Ukraine for damages and cover the costs for rebuilding the country. We have the means to make Russia pay. We have blocked 300 billion euros of the Russian central bank reserves and frozen 19 billion euros of Russian oligarchs," von der Leyen said.
She added that in the near future the EU will work on creating a structure to manage blocked Russian assets. According to her, these funds will be used to finance the reconstruction of Ukraine after the war started by Russia.
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