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EU considers confiscating part of Russia’s frozen $280 billion, Bloomberg reports

Summary
The European Union is exploring more aggressively ways to seize Russia’s frozen central bank assets as the bloc scrambles to ensure financial and military support for Ukraine amid indications the US may pare back its own assistance. EU officials are discussing how the assets could be used as collateral by a planned International Claims Commission, which will determine compensation owed to Ukraine, according to people familiar with the talks. The assets could then be seized if Moscow refuses to pay the damages.

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Bloomberg broke the news in United States on Saturday, February 22, 2025.
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