The EU and the G7 have targeted about €300 billion of international reserves held by the Russian Central Bank.

Davyd Arakhamia, lawmaker with Ukrainian President Volodymyr Zelenskyy's Servant of the People party, in Kyiv, Ukraine, Monday, April 22, 2024.

Now playing Next

How will the recently-passed US military aid help Ukraine?

Latest news bulletin | April 24th – Midday

Now playing Next

Latest news bulletin | April 24th – Midday

FILE - Farmer Sergiu Calmac stands in his apple orchard in Harbovat, Moldova, Aug. 7, 2014

Now playing Next

Europe's fruit farmers worry as unseasonal frosts threaten harvests

A Ukrainian serviceman with the 65th Brigade walks to his armored vehicle at the frontline in Zaporizhzhia region, Ukraine, Sunday, April 21, 2024.

Now playing Next

Large-scale Russian offensive expected soon in Ukraine: ISW

Russian ship sailing in Sevastopol harbour in Crimea (Russian Defense Ministry Press Service via AP, File)

Now playing Next

Ukraine damage Russian ship in Crimea

In this photo provided by the Dnipropetrovsk Regional Military Administration, a view of the damage after Russia's attack on residential building in Dnipro, Ukraine, Friday,

Now playing Next

Russian missiles hit the Dnipro region in Ukraine

Math teacher Margie Howells teaches a fifth grade class at Wheeling Country Day School in Wheeling, W.Va., on Sept. 5, 2023.

Now playing Next

Made in Europe: AI company aiming to solve the teacher shortage crisis

A local resident swims in the flooded street between houses in Orenburg, Russia

Now playing Next

WATCH: Russia and Kazakhstan continue to grapple with floods

Election posters of Stevo Pendarovski and Gordana Siljanovska Davkova, Monday April 22, 2024.

Now playing Next

EU hopeful North Macedonia holds presidential elections

Skies over southern Greece turned an orange hue on Tuesday, April 23, 2024.

Now playing Next

Athens turns orange as winds carry dust from Sahara desert

People thought to be migrants are brought in to Dover, Kent, by the UK Border Force following a small boat incident in the Channel

Now playing Next

James Cleverly in Italy to discuss clampdown on illegal migrants

Demonstrators during a protest to ask for more guarantees on the enforcement of the abortion law in front of the Italian Senate in Rome, Tuesday, April 23, 2024

Now playing Next

Italy permits pro-life groups access to abortion clinics

Updated: 30/11/2022 - 16:33

Video. 'Make Russia pay': EU moves ahead with confiscation of frozen assets

The proceeds from the confiscation will be used to finance the costly reconstruction of Ukraine.

Read full article

More from Europe News

A worker packages spools of cotton yarn at a textile manufacturing plant, as seen during a government organized trip for foreign journalists, in Aksu in China's Xinjiang

Now playing Next

EU to ban forced-labour products in move mostly targeted at China

The accredited assistant of MEP Maximilian Krah has been arrested over suspicions of espionage.

Now playing Next

After Russiagate, MEPs rush to denounce emerging Chinagate

Péter Magyar, the former husband of one-time justice minister and Orbán ally Judit Varga holds a smoke-candle after his speech on Hungary's National Day in Budapest on Friday,

Now playing Next

Hungarian government targets former Fidesz ally in elections campaign

Party of European Socialists (PES) lead candidate for the upcoming European Union elections Nicolas Schmit attends a German Social Democratic Party (SPD) leadership meeting.

Now playing Next

EU elections: European Socialists' lead candidate holds talks with SPD

Latest video

Results of Senate vote on $95 billion foreign aid package

Now playing Next

US Senate passes $95 billion aid package for Ukraine and Israel

A family inspects their house after it was hit by an Israeli airstrike in Rafah, southern Gaza, April 4, 2024

Now playing Next

Josep Borell says Gaza destruction is like Germany in WWII

Power grid

Now playing Next

What Europe needs to get on with the clean energy transition

FILE - Ukrainian soldiers fire at Russian positions from a US-supplied M777 howitzer in Kherson region, Ukraine, 9 January, 2023.

Now playing Next

Russian forces gain ground in eastern Ukraine

Firefighters work on the site of a burning building after a Russian drone attack in Odesa, Ukraine.

Now playing Next

Watch: Russia strikes batter Odesa, injuring at least nine civilians

Police officers evicted migrants from a makeshift camp in Paris a few steps from the Seine River (AP Photo/Nicolas Garriga)

Now playing Next

Police evict migrants from makeshift camp in Paris

British Prime Minister Rishi Sunak speaks during a press conference at Downing Street in London, Monday, April 22, 2024.

Now playing Next

Council of Europe's human rights commissioner condemns Rwanda bill

Student protesters at pro-Palestinian demonstration at Columbia University campus in New York, Monday, April 22, 2024. (AP Photo/Stefan Jeremia

Now playing Next

Pro-Palestinian protests sweep US college campuses after arrests

People stage a protest on 'International Safe Abortion Day', Milan, Wednesday, Sept. 28, 2022.

Now playing Next

Italy moves closer to allowing anti-abortion activists inside clinics

A woman looks among the bodies found in a mass grave in Khan Younis

Now playing Next

283 bodies found in mass grave in Khan Younis

Activists supporting Ukraine demonstrate outside the Capitol in Washington DC

Now playing Next

Biden says military aid on way to Ukraine after Senate approval

Humanitarian aid is airdropped to Palestinians over Gaza City, Gaza Strip on March 25, 2024

Now playing Next

UNRWA report says no evidence from Israel of terror links

The European elections will take place 6-9 June 2024

Now playing Next

European elections: Top tips to avoid misinformation

European Parliament President Roberta Metsola, 22 April 2024

Now playing Next

Parliament could lift MEP immunity in Russian influence probe: Metsola

Watch: The ghost-busting couple clearing the ocean of abandoned fishing nets

Now playing Next

Watch: The ghost-busting couple clearing the ocean of abandoned fishing nets

IN PARTNERSHIP WITH MEDIA CITY

Mike Pence: Russian aggression poses 'serious threat' to Europe

Now playing Next

the global conversation

Mike Pence: Russian aggression poses 'serious threat' to Europe