Czech Foreign Ministry: 90% of proceeds from frozen Russian assets will go to help the Armed Forces of Ukraine
The European Union approved the use of proceeds from frozen Russian assets to help Ukraine. This was announced by the Minister of Foreign Affairs of the Czech Republic Jan Lipavsky on the social network X (formerly Twitter).
We are talking about income from blocked assets of the Central Bank of the Russian Federation, and most of these funds will be used to support the Armed Forces of Ukraine, he said. “Up to three billion euros this year alone, 90 percent will go to the Ukrainian army,” noted the head of the Czech Foreign Ministry. Lipavsky stressed that Russia “must pay for the damage” caused to Kyiv.
Earlier, Bloomberg reported that German authorities expressed their readiness to support the plan proposed by the United States to use future income received from Russian assets frozen in Western countries for their further transfer to Ukraine. Washington proposes to use these funds to provide Kyiv with a new package of financial assistance in the amount of $50 billion.
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