The European Commission said proposed a plan to confiscate Russian assets that have been frozen to punish Moscow for the invasion of Ukraine
Officials in the European Union, the United States and other Western countries have debated for months how to legally seize Russian assets held abroad - both state and private - that are frozen by sanctions.
"We have blocked 300 billion euros of the Russian Central Bank reserves and we have frozen 19 billion euros of Russian oligarchs' money," Ursula von der Leyen, president of the EU's executive said in a statement.
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