Ursula von der Leyen, President of the European Commission, has announced the transfer of a €1.5 billion tranche from the proceeds of frozen Russian assets to Ukraine.
Source: Von der Leyen on Twitter (X), as reported by European Pravda
Quote: „There is no better symbol or use for the Kremlin’s money than to make Ukraine and all of Europe a safer place to live.“
Details: Von der Leyen said that the money is intended to support Ukraine’s defence and reconstruction.
Background:
In June, the European Union agreed to use part of the excess profits from frozen Russian assets for military aid to Ukraine. The decision was approved despite Hungary’s opposition.
EU chief diplomat Josep Borrell said that, in addition to the first tranche of €1.4 billion, another €1 billion would be allocated to purchase weapons for Ukraine by the end of the year.
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