The European Union agreed to allocate to Ukraine the benefits of Russian assets frozen after the invasion

The European Union agreed to allocate to Ukraine the benefits of Russian assets frozen after the invasion
The European Union agreed to allocate to Ukraine the benefits of Russian assets frozen after the invasion

Ukrainian President Volodimir Zelensky between European Council President Charles Michel and European Commission President Ursula von Der Leyen during a summit in Brussels last year (REUTERS/Yves Herman/file)

The member states of the EU on Wednesday they reached a agreement “in principle” on a plan to allocate billions of euros from the frozen assets of the Russian Central Bank to arm Ukraine.

The leaders of the 27 EU countries agreed in March to move forward with the proposal, which is expected to unlock some 3.3 billion euros ($3.3 billion) a year for kyiv, but diplomats had yet to hammer out the details of the plan.

In a post on

“The money will be used to support the recovery and military defense of Ukraine in the context of Russian aggression.”“, he pointed.

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