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EU redirects 8 billion euros to Ukraine
Russia announced that since the beginning of 2024, the European Union has redirected approximately 8 billion euros from the proceeds of its frozen Russian assets to Ukraine, including over 3.5 billion euros intended for arms purchases. Moscow claims that the EU is unlawfully confiscating profits from the investment of the Russian Central Bank's frozen reserves, which are estimated to exceed 210 billion euros, through the Belgian Euroclear platform. Moscow has threatened to respond if the seizure of Russian assets continues, noting that the EU has begun discussing the creation of new structures to hide Russian assets outside the jurisdiction of Belgium, as Europe's ability to financially support Ukraine from its own resources diminishes.
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