The income from Russia’s 1.4 billion euro assets will finance Ukraine’s ammunition, artillery, missile and air defense systems. Dutch Foreign Minister Hanke Bruins Slot announced this on social media. X.
Bruins Slot says the first tranche will be available this summer. The funds will be transferred to the European Peace Fund and will be used to finance Ukraine’s critical military equipment.
Formerly European Union (EU) head of diplomacy Josep Borrell statedThe first funds from Russian assets to help Ukraine are expected to arrive next week.
24 June reportedEU countries were able to reach an agreement on the use of proceeds from frozen foreign assets of the Russian Federation by Western countries.
June 5 US Treasury Secretary Janet Yellen statedIt is stated that the West is considering the possibility of providing a loan to Kiev, and that this loan will later be repaid with the income from Russia’s frozen assets.
Previously Australia denied Use frozen Russian assets.