[Ticker] EU conserving €23bn of Russian financial institution reserves

EU international locations have frozen simply €23bn of Russian Central Bank reserves, when put next to a few 5 occasions that by way of the United States (and a few €280bn in overall by way of Western international locations), EU justice commissioner Didier Reynders mentioned Wednesday. The EU Commission the similar day tabled new rules on seizing legal property — a measure which may well be used to confiscate Russian cash in long term and use it to pay for Ukraine’s reconstruction.

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