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EU moves towards using €27bn in profit from frozen Russian assets for Ukraine

Officials could put forward proposal before meeting of prime ministers in Brussels next week

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EU leaders are to take a significant step towards confiscating €27bn in profit generated by Russian state assets frozen in Europe to help fund the war effort in Ukraine.

Officials at the European Commission are poised to put forward what they believe is a legally robust proposal to be considered by member states, possibly before a meeting of prime ministers in Brussels next Thursday.

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