EU poised to seize Russian profits, Greek envoy says

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EU poised to seize Russian profits, Greek envoy says
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The European Union is expected to agree to seize Russian profits generated in the bloc, a key step to backing Ukraine that stops short of calls to confiscate assets outright, a Greek envoy told AFP on Monday.

Ukrainians living in Greece wave Ukrainian flags during a demonstration in Thessaloniki on January 21, 2024. Photo: Sakis MITROLIDIS / AFP/FileThe European Union is expected to agree to seize Russian profits generated in the bloc, a key step to backingBritain and the United States have led calls for the takeover of billions of dollars in Russian banking and other assets, meeting reluctance from European partners who fear that such a step will lead other countries to flee the West.

"You cannot replace the lives that you have destroyed," he said of Russia,"but at least you can contribute in rebuilding what you destroyed."

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