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, ‘The European Union has decided to use the profit of around 4 trillion won generated from frozen Russian assets in the region to purchase weapons and support Ukraine.’,
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, ‘ Belgium, the current rotating presidency of the EU, announced on the 8th local time on social media platform X that “EU ambassadors have agreed in principle on measures related to the special income generated from frozen Russian assets, which will be used to support Ukraine’s reconstruction and military defense.”‘,
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, ‘ In response to Russia’s invasion of Ukraine in February 2022, the EU froze Russian Central Bank assets worth 210 billion euros, equivalent to 305 trillion won, with most of it locked up in the Euroclear central depository.’,
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, ‘ If the agreement is implemented, around 90% of the profits, amounting to approximately 2.5 to 3 billion euros annually, around 4 trillion won, obtained by Euroclear from additional management of frozen assets will be transferred to the European Peace Fund, a special EU fund for military support to Ukraine.’,
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, ‘ EU member states will purchase weapons and deliver them to Ukraine, with some of the payment being retained through the European Peace Fund.’,
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, ‘ Pending approval after detailed review, if confirmed officially by the 15th, the EU expects the execution to be possible from July.’,
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