In July, Ukraine will receive the first payments from the profits of frozen assets of the Russian Federation
Kyiv • UNN
Ukraine will receive the first payments on profits from frozen Russian assets in the EU starting from July 2024, payments will be made every two years.
The European Commission announced the first payment of excess profits from the use of frozen assets of Russia on the territory of the European Union in July 2024, according to a statement on the website of the European Commission, reports UNN.
Details
Vera Yourova, vice president for values and transparency, said today's decision marks "a significant step forward in our continued support for Ukraine.
The decisions will come into force after their publication in the Official Journal of the European Commission.
It is reported that resources will be available to support Ukraine, starting from July 2024, with payments every two years.
At the same time, Ukraine's most urgent defense needs can be met through the European Peace Fund (EPF) and, after the decision is made, the European defense industry program (EDIP).
addition
In 2024, 90% will be allocated to the supply of military equipment as part of assistance measures funded by the EFM, and 10 % - to the EU budget. As part of the EU budget share in 2024, all allocations will be used to finance the Fund for Ukraine.
These solutions allow you to prioritize needs that are likely to change over time. The distribution will be reviewed annually, for the first time - until January 1, 2025.