European Commission Proposes Extending Freeze On Bank Of Russia Assets
Date
9/14/2024 3:08:55 AM
(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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