EU to send extra $1 billion from frozen Russian asset profits for Ukraine's defense

EU allocates €1 billion from frozen Russian assets to bolster Ukraine's defense

The European Union has allocated €1 billion to Ukraine from the income of frozen Russian assets, a significant financial support to fuel Ukraine's defense capabilities. The decision was formalized on May 9 in Lviv, with the signing of an agreement by Ukrainian Prime Minister Denys Shmyhal and foreign ministers from EU member states and the UK. This financial boost is earmarked for the development of Ukraine's air defense systems, and the purchas…

Due to the theft of Russian assets, Europe could lose trillions of euros: EADaily

EADaily, May 12th, 2025. European states have frozen the assets of the Central Bank of Russia in the amount of about $ 300 billion. The bulk of these funds are kept in the accounts of the Belgian international clearing house Euroclear, one of the world's largest financial institutions specializing in settlement and custody of securities…

EU to send extra $1 billion from frozen Russian asset profits for Ukraine's defense

The new tranche brings total recent EU defense support for Ukraine to 3.3 billion euros ($3.6 billion), marking a significant expansion of European efforts to boost Kyiv's defense industry.

The European Union cannot confiscate frozen assets of the Russian Federation due to the lack of a legal basis. This was stated by French President Emmanuel Macron, RBC-Ukraine reports, citing his interview with TF1. "We do not have a 'legal basis' for using these assets," Macron told reporters when asked about the confiscation of frozen Russian assets. At the same time, he said that in the future, "it is important to prevent Russia from returnin…

Denmark Sends $1 Billion to Build Up Ukrainian Arms Industry Using Seized Russian Funds

By Kyle Anzalone | The Libertarian Institute | May 12, 2025 Denmark is making a significant investment in Ukraine’s domestic arms industry using interest generated from frozen Russian assets. A statement from the Danish Defense Ministry explained that it would implement a proposal approved by the European Union last year to seize the interest generated by frozen Russian assets and use that money to buy weapons for Kiev produced by Ukrainian arms…

EU to provide Ukraine with additional €900 million for arms purchases. Illustrative Photo: Eureporter The European Union will allocate an additional €900 million from windfall proceeds from frozen Russian assets to purchase arms and ammunition for Ukraine, bringing the total recent support for Ukraine's defense industry to €3.3 billion. This was stated by Charles Fries, Deputy Secretary General of the EU External Action Service, at the opening o…