The Bank of England has set up a fund to bail out UK energy companies that face financial difficulties due to rising energy prices, The Guardian reported on Thursday. The bailout fund, which will offer as much as £40 billion ($46 billion) in loans to struggling energy companies, was announced by Prime Minister Liz Truss…

Exactly how much of that sum consists of the country’s forex reserves is still unknown, the outlet says, citing an official document Roughly €68 billion ($70 billion) in Russian assets have been frozen by the EU, most of which are in Belgium, Politico reported on Friday.

The Brazilian and South African presidents have decided not to participate in the event, which excludes Russia, according to reports The leaders of Brazil and South Africa will not attend a conference on Ukraine to be hosted by Switzerland next month, reports have said.