The president of the European Council, Charles Michel, on Thursday said European Union should confiscate and sell Russian assets it has seized through sanctions and use the proceeds to rebuild Ukraine. "I’m absolutely convinced that this is extremely important not only to freeze assets, but also to make possible to confiscate it, to make it available for the rebuilding of the country (Ukraine)" he said.
"In my opinion, this is question of fairness, not only idea to freeze the assets, but the confiscation to make this money available for Ukrainian authorities for trust found and for the all this goals that I mentioned, especially for the rebuilding of the country, is a question of fairness, question of justice" he added.
Meanwhile, Russia on 24th February launched the war on Ukraine. And, according to the latest updates, Russia has said it will implement a daytime ceasefire for three days from Thursday to allow more civilian evacuations from the Azovstal plant. “The Russian armed forces will from 8 am to 6 pm (Moscow time) on 5-7 May open a humanitarian corridor from the territory of the Azovstal metallurgical plant to evacuate civilians,” the defence ministry said. However, The UK is providing £45m in funding to help the most vulnerable in Ukraine and at its borders, the government has said. The money will go to UN agencies and charities delivering vital aid and supporting survivors of sexual violence in the war-torn nation. Also, Joe Biden said he would speak with other G7 leaders this week about potential additional sanctions against Russia. His treasury secretary, Janet Yellen, said the US was in constant discussions with its partners about this.