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The Guardian - UK
The Guardian - UK
World
Lisa O'Carroll Brussels correspondent

EU agrees in principle to give profits from frozen Russian assets to Ukraine

European Union Ukraine Russia Volodymyr Zelenksyy
Viktor Orbán and Emmanuel Macron in front of a European Council banner.
Hungarian PM Viktor Orbán (centre) and French president Emmanuel Macron (right) at the summit. The agreement was made after wording was tweaked to address opposition by Hungary. Photograph: Anadolu/Getty Images

EU leaders have agreed in principle to commandeer a large majority of the profits generated from frozen Russian assets and give them to Ukraine.

The proposal could generate €3bn (£2.6bn) this year and the first billion could be released to Ukraine by July, the European Commission president, Ursula von der Leyen, said late on Thursday at the end of the first day of an EU leaders’ summit in Brussels.

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