EC head von der Leyen confirmed the transfer of $1.5 billion from Russian assets to Kyiv in July
Income received from the placement of Russian assets frozen in the European Union will begin to be transferred to Kyiv in July. The head of the European Commission, Ursula von der Leyen, confirmed the previously announced information, reports TASS.
According to her, the volume of the first tranche will be 1.5 billion euros, and 90 percent of this amount will be used for the purchase of weapons.
Speaking at the Ukraine Recovery Forum in Berlin, von der Leyen noted that later this week the G7 summit will discuss ways to more quickly and significantly allocate funds to Kyiv using Russian assets.
At the end of May, Belgian Prime Minister Alexander De Croo, during a press conference with Ukrainian President Vladimir Zelensky, admitted that the European Union had not yet approved the decision to transfer proceeds from frozen Russian assets to help Kyiv.
The politician stressed that agreement must be achieved as quickly as possible, but avoided answering the question of whether Hungary continues to block the use of funds for the purchase of weapons for Ukraine. Before this, the head of European diplomacy, Josep Borrell, noted that one country continues to slow down the decision.
In early June, US Treasury Secretary Janet Yellen said that one of the options for accelerating the allocation of funds to Kyiv could be a loan that would be repaid using income from frozen Russian assets. According to her, this method is being discussed by the G7 countries.
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