EU discusses plan to send profits from €196.6bn of frozen Russian assets to Ukraine

The EU has discussed sending Ukraine the profits generated by  €196,6 bn in frozen russian assets that are stuck inside the plumbing of global finantial markets.

Officials from member states and the European Commision met on Wednesday to explore options for shiphoning of the interest generated by Russian assets held at Euroclear, the world's biggest settlement house, according to people familiar with a matter.

Such a move would stop short of expropriarting the assets themselves but would still amount to an escalation in the west's finantial pressure on Russia, with the aim of helping Kyiv defend itself from Vladimir Putin's war.

Sourse: Financial Times