France to join support for Ukraine at the expense of frozen Russian assets
Kyiv • UNN
The French Defense Ministry announced its participation in an EU initiative to use €1.4 billion in frozen Russian assets to help Ukraine. EUR 300 million will be spent on arms purchases from French industry in 2024.
The French Ministry of the Armed Forces, along with other EU members, will join the support of Ukraine at the expense of frozen Russian assets, the ministry announced on September 6. This is an initiative within the framework of the European Peace Fund, UNN reports .
Details
“This step attracts (in total - ed.) 1.4 billion euros from the proceeds of immobilized Russian assets for the purchase of military equipment for Ukraine,” the press release says.
The Ministry clarifies that the European Commission has agreed with the French Directorate General for Armaments to use these funds for purchases from French industry. In particular, this includes purchases of ammunition, artillery, and air defense for Ukraine worth €300 million in 2024.
