EU Joins Uk To freeze Russian assets , to be used to rebuild Ukraine

A proposal for the European Union to use frozen Russian assets to support Ukraine will be put forward in the coming weeks, European Commission president Ursula von der Leyen said.

The European Commission will put forward a plan to do so before the summer break, Ms von der Leyen said while attending a conference on Ukrainian reconstruction in London on Wednesday.

She said frozen Russian assets should be used “because the perpetrator has to be held accountable.”

The Ukraine Recovery Conference, which is being held in London on Wednesday and Thursday, is supposed to lay the foundations for rebuilding Ukraine from the destruction of the ongoing Russian invasion.

The focus is on how private-sector companies can be encouraged to invest in the country and help rebuild its economy.