Europe should use money from frozen Russian assets for further military support of Ukraine and relax its fiscal rules to boost defence spending, Czech Prime Minister Petr Fiala said on Monday.

BRUSSELS (Reuters) - Estonia has launched a new push to get fellow EU members to agree to seize frozen Russian assets and use them to help Ukraine, dismissing a Russian idea on how the money could be used as part of a peace deal.

The European Union is studying additional ways to use Russian assets frozen on its territory, including their seizure, to compensate Ukraine for damages. Source: Bloomberg, as reported by European Pravda Details: Bloomberg's interlocutors report that EU officials are discussing various ways to use Russian assets within the framework of the

Canada will send $5 billion in aid to Ukraine using funds from seized Russian assets, Prime Minister Justin Trudeau said Monday at a peace and security summit in Kyiv.

Russia would insist that part of the money is spent on the one-fifth of the country that Moscow's forces control, three sources told Reuters.

Canada will send $5 billion in aid to Ukraine using funds from seized Russian assets, Prime Minister Justin Trudeau said Monday at a peace and security summit in Kyiv.

Ukraine’s President Volodymyr Zelenskyy has proposed using a portion of frozen Russian assets to finance the future fund which is expected to be part of an agreement granting the US a stake in Ukraine's mineral resources.

The European Union is discussing how to seize Russia’s frozen central bank assets to provide financial and military aid to Ukraine, as concerns grow that the United States may scale back its support.