Ukraine Russia Conflict: EU should use frozen Russian funds to rebuild Ukraine, says official

The bloc’s foreign policy chief said EU should consider freezing Russian foreign exchange reserves to pay for Ukraine to be rebuilt after the war. Josep Borrell said the EU should do what the US did with Afghan central bank assets after the Taliban seized power.

“We have the money in our pockets, and someone has to explain to me why it is good for the Afghan money and not good for the Russian money,” Borrell said.

Meanwhile, Russia on 24th February launched its invasion of Ukraine. And, according to the latest updates, Ukraine will prevail over Russia as freedom prevailed over the Nazi dictatorship in 1945, Scholz said in a TV address to mark the 77th anniversary of Victory in Europe Day. Ukrainian president Volodymyr Zelenskiy confirmed that 60 people who were sheltering in a school in Bilohorivka were killed when Russian forces bombed it this weekend. 

However, More than 170 civilians were successfully evacuated from the Azovstal steel plant in Mariupol and have arrived in Zaporizhzhia. Officials said that more than 600 people have been evacuated from Azovstal and Mariupol in total. Also, US president Joe Biden and other G7 leaders held a video call with Zelenskiy in a show of unity ahead of Russia’s Victory Day celebrations. The G7 said it was committed to phasing out or banning Russian oil and denounced Putin’s invasion of Ukraine.