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Europe’s new Marshall Plan: making a bet on Ukraine

EU Confidential

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The EU Wants to Use Proceeds From the Russian Invasion of Ukraine for the Benefit of Ukrainians

EU Commission President Ursula Monderlein today announced that the EU wants to move to use the proceeds from this asset for the benefit of Ukrainians. There is a ton of legal political and economic questions linked to this. It's never been done before so last year shortly after Russia's invasion around 300 billion of US dollars in securities were frozen by sanctions participating countries.

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