Members of the bloc can opt out of Brussels’ plan to use the frozen assets to buy weapons for Kiev, the outlet reports

EU clearinghouse Euroclear accrued €1.6 billion ($1.7 billion) in interest from frozen Russian assets in just three months of this year, its CEO Valerie Urbain has revealed. She warned however, that tapping the funds would have a severe impact on global financial markets.   

Washington is doing nothing about its deteriorating finances because there is nothing it can do without risking major upheaval

The Minister of Local Development explained that investment was encouraged and private sector activities in the field of agricultural industrialization were promoted, through developing about 341 fixed technological centers

The kingdom needs to spend hundreds of billions of dollars to fund giga-projects aimed at weaning the economy off oil and to boost tourism and the private sector

A group of foreign bondholders have taken steps to force Ukraine to begin repaying its debts as soon as next year, the Wall Street Journal reported on Sunday. If they succeed, Kiev could hemorrhage $500 million every year on interest payments alone.