Western Banks Warn Against EU Plans to Give Russian Funds to Ukraine
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Some Western banks are lobbying against an EU plan to use profits made by Russian central bank funds that are frozen in Europe to arm Ukraine, Reuters reported on Thursday. The European Commission has proposed sending up to 3 billion euros to Ukraine perWestern Banks Warn Against EU Plans to Give Russian Funds to Ukraine
Some Western banks are lobbying against an EU plan to use profits made by Russian central bank funds that are frozen in Europe to arm Ukraine, Reuters reported on Thursday. The European Commission has proposed sending up to 3 billion euros to Ukraine per year using the revenue. About 90% would go to a fund called the “European Peace Facility” that can be used to buy weapons for Ukraine, and the remaining funds would go to the EU’s central budget for other types of aid. Read more