Word "Sanctions" is displayed on EU and Russian flags in this illustration taken, February 27, 2022. The United States and Britain last month signalled support for an EU plan to tax windfall profits generated by frozen Russian sovereign assets to finance Ukraine as Kyiv battles a full-scale Russian invasion that started in February 2022. EU members Germany and France are part of the G7 club, where the EU executive European Commission is also represented. The EU's own work among its 27 member states on harnessing frozen Russian state assets for Ukraine has been repeatedly delayed due to legal concerns, among others, after the bloc's sanctions on private Russian wealth were challenged in courts. Belgian clearing house Euroclear manages some 125 billion euros of frozen Russian central bank assets.

---

Persons: Dado Ruvic, Thomson, Gabriela Baczynska, Mark Potter Organizations: REUTERS, Rights, Union, European, Reuters, Friday, Diplomats, European Commission, EU, Deutsche Boerse's Eurex, London Stock Exchange, Thomson Reuters, Thomson Locations: Rights BRUSSELS, Ukraine, United States, Britain, Kyiv, Morocco, Germany, France, Brussels, Belgium, EU, Belgian, Euroclear, Europe, Frankfurt, London, LSEG