Russia's $300bn on table in EU talks on war repairs.
Half the Kremlin's foreign reserves could be tapped, according to four EU states (Photo: Dennis Jarvis)
BRUSSELS, 23. MAY, 18:13
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The West should use a $300bn (€284bn) hoard of frozen Russian treasure to rebuild Ukraine, four EU states are lobbying finance ministers to consider.
"Like-minded nations have frozen around $300bn out of $640bn that the Russian Federation had accumulated in its foreign currency reserves — this constitutes a substantial source of funding for Ukraine and its post-war needs," Estonia, Latvia, Lithuania, and Slovakia plan to say in a joint declaration seen by EUobserver.
