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Published 1 month 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.
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