The EU is considering transferring profits from the management of frozen Russian assets.

 The European Union wants to analyze the idea of managing the Russian Central Bank’s frozen assets ($300B), the profit from which would be applied to Ukraine’s reconstruction. The President of the European Council, Charles Michel, expects a certain impetus in the discussions from the EU leaders. He added that despite legal obstacles to asset seizure, there is a strong political interest in making progress on the issue and getting it done. At the end of last year, the European Commission proposed sending the Russian state’s frozen assets to a fund where they could be actively managed to obtain a return that would help in Ukraine’s reconstruction. Currently, the EC is trying to confiscate the assets of Russian oligarchs who are under sanctions.