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  • Raid Russia’s ‘huge pot of gold’? Europe grapples over confiscating frozen assets to pay for rebuilding Ukraine

    10/25/2022 2:17:16 PM PDT · by dennisw · 78 replies
    MSN ^ | 10-25 | Christiaan Hetzner
    Can Brussels raid the tens of billions of euros in Russian assets frozen by the European Union to pay for Ukraine’s recovery? This thorny legal question is currently under examination by the EU Commission as the cash-strapped bloc looks for potentially €18 billion ($18 billion) next year to keep Ukraine afloat as it fends off Moscow’s invasion. Ursula von der Leyen, the EU Commission's president, told reporters on Tuesday in Berlin that she had set up a task force to both map what assets exist as well as the preconditions that must be met to seize them. “The will is...