Published 2 months ago

EU seals a deal on using profits from frozen Russian assets to help arm Ukraine

The EU Council will use profits from frozen Russian assets to aid Ukraine, as announced by the Czech representation in the EU on May 21.
European Union countries have agreed to allocate between 2.5-3 billion euros annually for Ukraine, mainly for military needs, funded by frozen Russian assets.
Majority of the funds will go to Ukraine's military through the European Peace Facility, with a portion also going to the EU budget.

Insights by Ground AI

Does this summary seem wrong?

0 Articles

All

Left

Center

Right

Associated Press News

EU seals a deal on using profits from frozen Russian assets to help arm Ukraine

BRUSSELS (AP) — European Union countries announced on Tuesday that they have reached an agreement to use the profits earned from frozen Russian assets to provide military support to Ukraine and help rebuild the war-torn country. The 27-nation EU is holding around 210 billion euros ($225 billion) in Russian central bank assets, most of it […]

2 months ago·United States

Read Full Article

Global News

EU to use windfall profits from Russian assets for Ukraine. Will allies follow? - National

European Union countries formally adopted a plan on Tuesday to use windfall profits from Russian central bank assets frozen in the EU for Ukraine's defense.

2 months ago·Toronto, Canada

Read Full Article

abc News

EU seals a deal on using profits from frozen Russian assets to help arm Ukraine

European Union countries have reached an agreement to use the profits earned from frozen Russian assets to help arm Ukraine and rebuild the war-torn country

2 months ago·United States

Read Full Article

KIFI

EU seals a deal on using profits from frozen Russian assets to help arm Ukraine

BRUSSELS (AP) — European Union countries have reached an agreement to use the profits earned from frozen Russian assets to help arm Ukraine and rebuild the war-torn country. The 27-nation EU is holding around $225 billion in Russian central bank assets in retaliation for Moscow’s war against Ukraine. Most of it is frozen in Belgium. Interest generated from the funds could raise around $3.3 billion each year. EU headquarters said Tuesday that 90%…

2 months ago·Idaho Falls, United States

Read Full Article

The Washington Post

Ukraine’s allies debate how to squeeze more from frozen Russian assets

With Ukraine in serious trouble and amid questions about U.S. funding, there is a fresh push to unlock more of the nearly $300 billion in seized Russian assets.

2 months ago

Read Full Article