this post was submitted on 15 Oct 2025
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Canada

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  • The UK and Canada will join a European Union plan to tap a portion of the almost $300 billion in Russian central-bank assets held by Group of Seven nations to support Ukraine.
  • The plan would provide loans to Ukraine to purchase weapons and bolster its economy, without seizing the assets outright, through a mechanism that would avoid this.
  • The EU aims to reach a political agreement on using the assets at a meeting in Brussels next week and start work on a mechanism to release money by the second quarter of next year.
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