08/30/24

Permalink EU taps proceeds from frozen Russian assets – Borrell

$1.5 billion in interest earned from immobilized funds are being used to aid Kiev, the bloc’s foreign-policy chief has announced | The EU has made its first transfer of interest earned on Russia’s frozen central bank assets to Ukraine and other states aiding Kiev, the bloc’s chief diplomat, Josep Borrell, announced on Thursday. A total of €1.4 billion ($1.5 billion) was transferred, he said.  Speaking to reporters ahead of a meeting with EU foreign ministers, Borrell called the development “good news” and said that the funds would be used for Kiev’s military needs and to finance Ukrainian industry.

EU's total military aid to Kiev reaches 43.5 billion euros — foreign policy chief (TASS)

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