MOSCOW (Reuters) -As much as $250 billion worth of Russian assets have been frozen in the European Union since the U.S. and its allies prohibited transactions with Russia’s central bank and finance ministry following Russia’s full-scale invasion of Ukraine in 2022.

Reuters reported this week that the European Union is discussing a plan to repurpose the frozen assets to boost financial aid to Ukraine, as it looks to step up sanctions pressure on Russia.

WHAT ARE RUSSIA’S ASSETS AND WHERE ARE THEY?

The Russian central bank previously confirmed that it has around $300-350 billion worth of assets frozen in the West.

Like other central banks, the Russian central bank placed some of its gold and foreign exchange reserves in liquid assets such as major currencies, gold and government bonds, a

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