Ukraine has urged the European Union to tap into the immobilised Russian assets to help plug the country’s financial and military shortfall next year, which could hit a staggering $78 billion (€68.77 billion) if allies fail to step up their contributions.
Sergii Marchenko, Ukraine’s finance minister, made the push on Tuesday as he met with representatives from international donors and financial institutions in Brussels.
During the gathering, Marchenko argued that using the pool of Russian assets would be both a practical and fair solution to meet Ukraine’s extraordinary wartime costs, protect its debt sustainability and ensure accountability…
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