Bloomberg: EU is exploring the possibility of directing Russian assets to the restoration of Ukraine

“For long-term reconstruction, the commission will propose creating a structure called RebuildUkraine, where all resources will be directed.

As part of this initiative, the EU will consider the use of assets confiscated from sanctioned Russian individuals.

According to the document, the European Commission will present an updated financial strategy on May 18 to help cover Ukraine's $15 billion budget deficit over the next three months.

Earlier, German Foreign Minister Annalena Berbock called it a difficult task to transfer Russian assets frozen in Germany to Ukraine.

Press Secretary of the President of Russia Dmitry Peskov noted that a possible decision to use the assets of Russian banks in Ukraine for the needs of Kyiv would be illegal and require a response.