US Backs EU's Russian Asset Plan, Intensifies Sanctions

The United States and European Union are ramping up financial pressure on Russia, with a plan to use frozen assets to aid Ukraine and end the conflict. The EU proposes using up to €185 billion of Russian assets, but faces opposition from Belgium and potential retaliation from Russia. The US also imposed new sanctions on Russias largest oil companies, signaling a continued commitment to economic pressure and a peaceful resolution.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.