EU Slowly Moves Toward Using Profits From Frozen Russian Assets to Help Ukraine

FILE - The upper facade of Russia's Central Bank bank building is seen in Moscow, Feb. 22, 2018. The EU is looking to use some of the $216 billion of the bank's assets in Europe to help Ukraine rebuild from Russian destruction.

European Union nations have decided to approve an outline deal that would keep in reserve the profits from hundreds of billions of dollars in Russian central bank assets that have been frozen in retaliation for Moscow's war in Ukraine, an EU official said.