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A Ukrainian soldier of the Khartia brigade fires an AK-47 pellet gun from a trench during a training as the Russia-Ukraine war continues in Donetsk oblast, Ukraine, on February 7, 2024.
A Ukrainian soldier of the Khartia brigade fires an AK-47 pellet gun from a trench during a training as the Russia-Ukraine war continues in Donetsk oblast, Ukraine, on February 7, 2024.

Diego Herrera Carcedo/Anadolu via Getty Images

  • An EU proposal seeks to use profits from Russia's frozen assets in Ukraine, Bloomberg reported.
  • Proceeds would help purchase weapons for Kyiv to fight the war. 
  • The move would provide an estimated $3.3 billion each year, funds Ukraine could see as soon as July.

Profits generated by Russia's frozen reserves could start funding Ukraine as soon as this summer, based on a proposal from the European Union. 

Tags
Markets, economy, mi-exclusive, ukraine-war, russia-reserves, frozen-assets, russia-sanctions, weapons-ukraine
Source
The EU is pushing for Ukraine to see profits from frozen Russian assets as soon…