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International Business Times
International Business Times
World
AFP News

EU Poised To Seize Russian Profits, Greek Envoy Says

Ukrainians living in Greece wave Ukrainian flags during a demonstration in Thessaloniki on January 21, 2024 (Credit: AFP)

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.

Britain 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.

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