EU takes first step to use Russia's frozen assets for Ukraine

Reuters

February 12, 20242:25 PM ESTUpdated 17 days ago

A Russian state flag flies over the Central Bank headquarters in Moscow, Russia, August 15, 2023. A sign reads: "Bank of Russia". REUTERS/Shamil Zhumatov/File Photo Purchase Licensing Rights, opens new tab



BRUSSELS, Feb 12 (Reuters) - The EU adopted a law to set aside windfall profits made on frozen Russian central bank assets, it said on Monday, in a first concrete step towards the bloc's aim of using the money to finance the reconstruction of Ukraine.