European Commission Proposes Extending Freeze On Bank Of Russia Assets


(MENAFN- AzerNews) The European Commission is seeking to extend the freezing period of the bank of Russia's (Central Bank) assets for up to five years, according to a report by Reuters, as cited by Azernews .

This proposal is aimed at supporting a $50 billion loan that the G7 nations plan to provide to Ukraine.

The asset freeze extension would play a crucial role in securing financial assistance for Ukraine amid ongoing geopolitical tensions.

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AzerNews

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