UPDATE 1-EU takes first step to use Russia's frozen assets for Ukraine

Contributing sentiments towards policy:

58% : Separately, the EU has agreed to allocate 50 billion euros ($53.89 billion) in aid to Kyiv.
56% : Two thirds of these funds are in the EU with the majority of that held by Belgium's clearing house Euroclear.
54% : The EU adopted a law to set aside windfall profits made on frozen Russian central bank assets, it said on Monday, in a first concrete step towards the bloc's aim of using the money to finance the reconstruction of Ukraine.
54% : "Today's decision, in line with the G7 position, clarifies ... the legal status of the revenues generated by the CSDs in connection with holding of Russian immobilised assets and sets clear rules for the entities holding them," said the Council of the EU, a legislative body that groups member states.
53% : The EU estimates some 15 billion euros ($16.17 billion) in such profits could be carved out for Ukraine over the next 4 years.
42% : The EU and the Group of Seven nations (G7) froze some 300 billion euros ($323 billion) of Russian central bank assets following Moscow's invasion of Ukraine.
40% : The EU and G7 have been debating if and how these funds can be used for over a year.
38% : The United States has floated the idea of confiscating the assets outright but EU officials view this as legally too risky.

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