Many options exist to shape Kremlin’s decisions — Ukrainian diplomat
Ukraine receives €1 billion from EU sourced from frozen Russian assets
Ukraine has received another €1 billion from the European Union, derived from frozen Russian assets
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Ukrainian Prime Minister Denys Shmyhal announced this on his Telegram channel.
The prime minister stated that the €1 billion is the fifth tranche of macro-financial assistance from the EU under the ERA initiative. The funds will be directed toward key state budget expenditures.
He noted that, in total, Ukraine has already received €7 billion from the EU through the ERA initiative. These resources are backed by revenues from the use of frozen Russian assets.
- The European Union will allocate an additional €900 million from windfall profits generated by frozen Russian assets to fund the purchase of weapons and ammunition for Ukraine, bringing total recent support for Ukraine’s defense industry to €3.3 billion.
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