archiveProfits

(Bloomberg) -- A European Union plan to use the profits generated from frozen Russian central bank assets will face resistance next week when the bloc’s leaders discuss the controversial proposal. Some member states are cautious about the plan, particularly a last-minute idea to use the proceeds to buy weapons for Ukraine’s military, according to people familiar with discussions on the proposal. The European Commission, the EU’s executive arm, is expected to put forward a blueprint as early as March 15 on the next steps in transferring the profits to the...