EU’s Controversial Financial Plan: Using Frozen Russian Assets to Repay Old Loans The European Union is proposing a financial strategy that’s raising eyebrows across the continent. According to leaked EU Commission documents, €45 billion from frozen Russian central bank assets would be used to repay a G7 loan previously given to Ukraine, while €115 billion […] The post EU’s Controversial Financial Plan: Using Frozen Russian Assets to Repay Old Loans first appeared on The Zambian Observer .