Spain Backs EU's Plan to Monetize Frozen Russian Assets

Spanish Economy Minister Carlos Cuerpo expressed support for the European Commission's strategy to monetize frozen Russian assets in the EU. This initiative aims to enhance financial aid for Ukraine. Spain advocates creative methods to utilize these assets effectively.

Spanish Economy Minister Carlos Cuerpo has voiced strong support for the European Commission's initiative to monetize frozen Russian assets held within the EU. This move is seen as a pivotal step towards bolstering financial support for Ukraine.

In a recent interview with Bloomberg TV, Cuerpo emphasized Spain's commitment to increasing monetary aid to Ukraine by exploring innovative mechanisms to utilize these immobilized assets effectively. Spain has consistently advocated for maximizing financial assistance to Ukraine amid ongoing tensions.

Cuerpo's statements underscore a collaborative effort with the EU to navigate complex geopolitical landscapes while ensuring Ukraine receives much-needed support through creative economic strategies.

(With inputs from agencies.)