European Commission to hand over frozen Russian assets to Kyiv - FT

Kyiv • UNN

Dec 12 2023, 12:55 AM • 48302 views

The European Commission plans to transfer 15 billion euros from frozen Russian assets to Ukraine as financial aid, subject to unanimous approval by EU member states.

The European Commission intends to allocate 15 billion euros from Russia's frozen of Russia's frozen assets to Ukraine as financial support. The plan should be supported by by all EU member states. This is reported by the Financial Times, UNN reports.

We are working to ensure that the mobilized Russian assets could also be used for the benefit of Ukraine
European Commission spokesperson Ana Pizonero.

According to the Financial Times, the EU intends to use the proceeds from Russia's frozen assets in Europe to finance to help Ukraine. According to the FT, this scheme is intended to raise up to 15 billion euros. euros.

For the plan to work and for the money to reach Kyiv, the unanimous support of EU member states is needed.

Lilia Podolyak

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Kyiv

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