The US and the EU are seeking legal opportunities to transfer $300bn of frozen Russian assets to Ukraine

The United States and the European Union are looking for legal opportunities to use $300bn of frozen Russian assets for Ukraine.

This was stated by US Secretary of State Antony J. Blinken.

Most of these funds are located in Europe, not the United States.

"We are looking at what legal authorities we may have, the Europeans may have, to actually use those assets for Ukraine. My own view is you broke it, you bought it. And so the Russians having broken it, they ought to pay for it. And one way to do that would be through the use of these assets," Blinken said.

It will be recalled that during his visit to Ukraine, Blinken said that the United States would transfer frozen assets of Russian oligarchs to Ukraine for the first time. It is about $5.4 million that will be used to support Ukrainian veterans.