In August, the EU will allocate the first 1.4 billion euros from frozen assets for weapons to Ukraine - Borrell

In early August, the EU will allocate the first tranche of frozen Russian assets to purchase weapons for Ukraine. This was stated by High Representative of the European Union for Foreign Affairs and Security Policy Josep Borrell following a meeting of EU foreign ministers in Brussels, UNN reports . 

Details

Borrell said that at the meeting he “informed the ministers about the progress on the first tranche of 1.4 billion euros”.

It (the tranche - ed.) is expected to be transferred in early August - next week

This summer, Ukraine will receive the first 1.5 billion euros from frozen Russian assets-Dombrovskis21.06.24, 19:45 • [views_33603]

According to him, these funds will be used to purchase priority military equipment for Ukraine, such as air defense equipment, artillery shells, and weapons from Ukrainian industry.

That is, we will not only provide military support to Ukraine, but also from within Ukraine. Which, of course, is the most logical and effective way we can go

Recall

EU Chief Diplomat Josep Borrell confirmed the agreement of the EU countries to use the proceeds of frozen Russian assets to buy weapons for Ukraine and the first tranche of 1.4 billion euros.