The President of the European Council, Charles Michel, asked the leaders of the community block to move forward with the discussions regarding the use of the 300 billion euros representing the confiscated assets of the Central Bank of Russia for the reconstruction of Ukraine, the Financial Times reported, quoted by Reuters and Agerpres.

Michel said he wanted to look into the idea of ​​managing the Russian Central Bank’s seized assets to generate profits, which could then be used for reconstruction efforts, the daily said.

It is a matter of justice and fairness and must be done in accordance with the principles of law, stated the president of the European Council in the interview.

The European Union blocked 300 billion euros of Russian Central Bank reserves in November to sanction Moscow over the invasion of Ukraine.

Agerpres