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EU approves plan to use €3B from frozen Russian assets to support Ukraine's military efforts.
The EU has approved a plan to use profits from frozen Russian assets, estimated at up to €3 billion ($3.3 billion) in 2022, to support Ukraine's military efforts.
Around 90% of these funds will be allocated to the European Peace Facility, while the remaining 10% will be used for Ukraine's defense industry or reconstruction needs.
This decision follows the immobilization of approximately €200 billion in Central Bank of Russia assets across the jurisdictions of the G7 partners, the EU, and Australia.
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La UE aprueba un plan para utilizar 3.000 millones de euros de activos rusos congelados para apoyar los esfuerzos militares de Ucrania.