"EU's von der Leyen Urges Use of Frozen Russian Assets to Strengthen Ukraine's Military"

European Commission President Ursula von der Leyen suggested using the profits from frozen Russian assets to jointly purchase military equipment for Ukraine, emphasizing the need for Europe to take responsibility for its own security. The legality and potential impact on global currency markets of using frozen assets remain concerns, but the European Union has taken steps to ensure windfall profits from these assets are set aside for potential reallocation. Von der Leyen also called for EU leaders to consider expanding defense policies in light of the ongoing conflict in Ukraine.