The European Union is currently undertaking a project that aims to facilitate the transfer of frozen assets from Russia to the Republic of Cyprus in July, as reported by Bloomberg. The EU has been actively freezing accounts and allocating funds amounting to nearly 3 billion euros to Cyprus. Under the project, a portion of these funds will be transferred to the EU Solidarity Fund, which supports peacekeeping efforts in Cyprus and also provides assistance to Russia. The remaining funds will be retained by central banks to cover any potential risks. It should be noted that the draft document requires approval from all EU member states, according to Bloomberg.

News from Armenia – NEWS.am.