EU has taken a step towards allocating 18 billion euros to Ukraine at the expense of frozen assets of the Russian Federation: what this means

EU has taken a step towards allocating 18 billion euros to Ukraine at the expense of frozen assets of the Russian Federation: what this means

Kyiv  •  UNN

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The EU has signed a memorandum on providing Ukraine with macro-financial assistance worth 18.1 billion euros under the G7 package. The funds are backed by profits from frozen Russian assets.

Memorandum on the provision of macro-financial assistance by the European Union to Ukraine for 18.1 billion euros, which is provided by profits from frozen Russian assets, as part of the G7 package for $50 billion, signed, said on Thursday Prime Minister Denis Shmygal, writes UNN.

The EU has taken a step towards providing Ukraine with exceptional macro-financial assistance. a memorandum of understanding was signed, necessary for the allocation of 18.1 billion euros. This is part of the G 50 billion G7 package, which is backed by profits from frozen Russian assets

- noted Shmygal in social networks.

He said that such a step is "not only support, but also a precedent for bringing Russia to justice for its crimes and starting a process for the aggressor to pay for its brutal war.

Shmygal expressed sincere gratitude to the EU leaders. "Together we will win and rebuild Ukraine," the prime minister stressed.