EU plans to buy weapons for Ukraine with frozen Russian asset profits

European Union foreign policy chief Josep Borrell (Virginia Mayo/AP)

The European Union is pressing ahead with a plan to use the profits generated from billions of euros of Russian assets frozen in Europe to help provide weapons and other funds for Ukraine, a senior official said.

EU foreign policy chief Josep Borrell got a green light for the plan from most of the bloc’s foreign ministers this week, and he hopes that EU leaders will endorse it at a summit in Brussels starting on Thursday.