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Desperate and cashless: EU fails to agree on plan to seize Russian money for Ukraine
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European Council president Antonio Costa (left) and Ukrainian President Volodymyr Zelensky at an EU summit in Brussels on Oct 23.
PHOTO: AFP
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BRUSSELS – Leaders of the European Union have failed to agree on a plan to confiscate Russia’s money currently frozen in Western banks and transfer it to Ukraine.
In a communique issued at the end of an EU summit held in the Belgian capital Brussels on Oct 23, the heads of state and government of the 27 EU member nations promised that they “will continue to provide Ukraine with regular and predictable financial support in the long term” as the country battles Russia’s military invasion.
