EU approves up to 1.4 billion euros of profits from Russian assets for military assistance to Ukraine - Politico

EU approves up to 1.4 billion euros of profits from Russian assets for military assistance to Ukraine - Politico
# 24 June 2024 17:16 (UTC +04:00)

EU countries today approved the first tranche of military assistance to Ukraine in the amount of up to 1.4 billion euros from revenues from frozen Russian assets, APA reports citing UNN.

The money is reportedly " sent to Ukraine through the aid fund for Ukraine (UAF), but payments are blocked by Hungary.

According to an internal report of the EU Council, which was reviewed by the publication, the countries had to express their opinion before 11 am Brussels time, and none of them voted against. The decision did not require unanimity, which meant that Hungary could not block it.

The final figure of the amount of profit from frozen assets that will go to Ukraine is not yet clear, but diplomats say it ranges from 1.2 to 1.4 billion euros.

The official announcement is expected at a meeting of EU foreign ministers in Luxembourg on Monday.

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