The EU agreed to use revenues from frozen assets of the Russian Federation to support Ukraine

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At a summit in Brussels, EU leaders approved a plan to use proceeds from reinvesting Russia’s frozen assets to help Ukraine. writes about this Finance Times.

The European Commission plans to present a specific legal mechanism for the implementation of this opportunity in early December this year.

It is also stated that the EU plans to synchronize its approach on this issue with the UK and the USA.

Before that Seimas of Latvia accepted In the first reading of the amendments that would ban vehicles with Russian license plates in the country. The amendments state that vehicles registered in Russia will be confiscated if they are not re-registered in Latvia. According to the bill, the vehicle will have to be registered within three months or removed from Latvian territory. It was noted that the seized vehicles were planned to be transferred to Ukraine. Owners will also face fines.

Previously at the European Commission answeredWhat to do with Russian cars confiscated in Europe.

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