EU threatens to seize €300bn from Russia to rebuild Ukraine
By News on the Net -- Global Construction Review—— Bio and Archives--December 1, 2022
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EU Commission president Ursula von der Leyen today said the EU could seize €300bn of Russian Central Bank reserves and use it to rebuild Ukraine.
A further €19bn of Russian oligarchs’s money, currently frozen, could be added to the reconstruction fund, she said.
She said the physical damage Russia’s invasion has caused in Ukraine stood at an estimated €600bn.-- More...
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