EU Sends €1.5 Billion to Ukraine from Frozen Russian Assets
The European Union will send Ukraine the first 1.5 billion euros from frozen Russian assets on Friday, July 26.
The announcement was made on the social network X by European Commission President Ursula von der Leyen. The funds will be used for Ukraine's defence and reconstruction.
The EU stands with Ukraine.
— Ursula von der Leyen (@vonderleyen) July 26, 2024
Today we transfer €1.5 billion in proceeds from immobilised Russian assets to the defence and reconstruction of Ukraine.
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. pic.twitter.com/keDyf9Dzzd
"There is no better symbol or better use for Kremlin money than to make Ukraine and all of Europe a safer place to live," she wrote.
In May, the ambassadors of EU countries agreed to use the profit obtained from frozen Russian Federation assets to finance Ukraine's reconstruction and defence needs. According to preliminary agreements, Kyiv is expected to receive approximately 3 billion euros per year.
Translation by Iurie Tataru
