EU makes decision on frozen Russian funds

Belgium, the current President of the Council of the European Union (EU), has announced that the bloc's ambassadors have agreed "in principle" to send Ukraine aid in the form of frozen Russian assets.

It has been reported that approximately $3.2B of Russian assets will now become annually available to Ukraine, with up to 90% estimated to be invested towards military supplies. Following consensus by the bloc's ambassadors, the agreement must be officially accepted by EU member states.

APN News

In total, approximately $225B in assets have been frozen by the EU since Russia invaded Ukraine in 2022. Commenting on the agreement, European Commission (EC) President Ursula von der Leyen stated that there was "no stronger symbol" and "no greater use" of the assets.

EU agrees to send €3bn from frozen Russian assets to aid Ukraine

Articles on this story

Sign Up for Our Free Newsletters
Sign Up for Our Free Newsletters

EU agrees to send €3bn from frozen Russian assets to aid Ukraine

Articles on this story

Sign Up for Our Free NewslettersSign Up for Our Free Newsletters

Sign Up for Our Free Newsletters
Sign Up for Our Free Newsletters