EU transfers first €1.5 billion tranche of proceeds from Russian assets to Ukraine
Pravda Ukraine
Ursula von der Leyen, President of the European Commission, has announced the transfer of a €1.5 billion tranche from the proceeds of frozen Russian assets to Ukraine.
Source: Von der Leyen on Twitter (X), as reported by European Pravda
Quote: “There is no better symbol or use for the Kremlin’s money than to make Ukraine and all of Europe a safer place to live.”
Details: Von der Leyen said that the money is intended to support Ukraine’s defence and reconstruction.
Background:
- In June, the European Union agreed to use part of the excess profits from frozen Russian assets for military aid to Ukraine. The decision was approved despite Hungary’s opposition.
- EU chief diplomat Josep Borrell said that, in addition to the first tranche of €1.4 billion, another €1 billion would be allocated to purchase weapons for Ukraine by the end of the year.
Support UP or become our patron!