EU moves toward using profits from frozen Russian assets to help Ukraine, but slowly

By RAF CASERT
Associated Press

BRUSSELS (AP) — European Union nations have decided to approve an outline deal that would keep in reserve the profits from hundreds of billions of dollars in Russian central bank assets that have been frozen in retaliation for Moscow’s war in Ukraine. The tentative agreement still needs formal approval but is seen as a first step toward using some of the 200 billion euros ($216 billion) in Russian central bank assets in the EU that now go untapped. They want to make sure that some of it is funneled to help Ukraine rebuild from Russian destruction.