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US supports EU's use of frozen russian assets to support Ukraine - media

The White House. Photo: Wikipedia.
The White House. Photo: Wikipedia.

The United States fully supports the European Union's initiative to use frozen russian assets to help Ukraine and put pressure on moscow.

A source familiar with the situation has reported this to Reuters.

Also, according to him, Washington continues to analyze the consequences of the sanctions imposed by US President Donald Trump against Rosneft and Lukoil.

"There are more things we could do to try to up the pressure," the agency's source emphasized.

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After the start of russia's full-scale invasion of Ukraine, Western countries froze the assets of the Central Bank of the russian federation worth more than EUR 200 billion, of which about EUR 190 billion are in the Euroclear depository in Belgium. Ukraine is already receiving interest income from these funds.

The European Commission has developed a plan according to which EU governments will be able to use most of the frozen russian state assets without confiscating them.

The plan envisages granting Ukraine a so-called "reparations loan" of about EUR 140 billion secured by the assets of the Central Bank of russia. The funds should be used to finance the Ukrainian Armed Forces. The loan is to be repaid after the end of the war.

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