London CNN —The European Union is setting up a working group to examine whether frozen Russian assets can be used to rebuild Ukraine.
The statement added that part of this work would involve obtaining a “clearer picture” of where Russian state-owned assets are located and their value.
“In principle, it is clear-cut: Russia must pay for the reconstruction of Ukraine,” Swedish Prime Minister Ulf Kristersson said.
A senior EU official estimated earlier this month that the European Union and Western allies had frozen more than $300 billion in Russian central bank assets that could potentially be used to rebuild Ukraine.
The European Union is also working on a tenth package of sanctions against Russia.