EU to transfer €1.4B in profits from frozen Russian assets to Ukraine
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Source: Politico
Published: 2026-08-05 21:11 UTC+10:00
Section: Banks
Factuality Score: 100
Opinion Category: Neutral
Topics: Europe, Military & Defence, Ukraine/Russia, Economy & Finance, Labour & Workers, Elections, War & Conflict
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Snippet:
The European Union has collected €1.4 billion in revenue from immobilized Russian central bank assets and will channel the proceeds to Ukraine, the European Commission announced Wednesday.
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