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European Commission proposes extending freeze on bank of Russia assets

14 September 2024 [10:31] - TODAY.AZ

The European Commission is seeking to extend the freezing period of the Bank of Russia's (Central Bank) assets for up to five years, according to a report by Reuters, as cited by Azernews.

This proposal is aimed at supporting a $50 billion loan that the G7 nations plan to provide to Ukraine.

The asset freeze extension would play a crucial role in securing financial assistance for Ukraine amid ongoing geopolitical tensions.

URL: http://www.today.az/news/regions/252898.html

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