Ukraine will be able to choose how billions of pounds of frozen Russian assets are spent if Europe ploughs on with plans to release them, with options ranging from missiles to reconstruction.

The UK has frozen around £25bn of Russian assets since the invasion, while the EU holds about €210bn (£184bn) , with the total coming to about £265bn worldwide.

British sanctions minister Stephen Doughty told The i Paper that the UK is “exploring every possible” way to legally spend Russian assets frozen in British bank accounts to support Ukraine – a move that would break nearly four years of deadlock. The EU is hoping to settle the plan to use Russian assets as soon as next week. New Feature

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One diplomatic insider stressed that the spend

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