Canada and the EU want to make progress on using Russian assets for Ukraine

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Canada and the European Union stated that progress should be made in using the revenues from Russian assets frozen in the West for Ukraine. This was reported by RIA News Based on your statement.

“Canada and the EU recognize that decisive progress must be made in coordination with partners on the exploitation of windfall gains from dormant Russian assets,” the statement said.

It was noted that these should be used for restoration and reconstruction needs in Ukraine.

After February 24, 2023, the EU and G7 countries froze almost half of Russia’s foreign exchange reserves of approximately 300 billion Euros.

Sergei Belyaev, formerly Director of the Second European Department of the Russian Foreign Ministry named It is trying to formalize on paper the conditions for the fig leaf return of seized Russian assets.

Formerly at the Russian Ministry of Foreign Affairs promise Respond to Finland’s anti-Russian actions.

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