The government told what 1.5 billion euros from the frozen assets of the Russian Federation will be used for
Kyiv • UNN
Euroclear promises a first installment of €1.5 billion from frozen Russian assets for Ukraine in July. The funds will be used for weapons, air defense, ammunition, and the development of the defense industry.
Ukraine is counting on proceeds from frozen Russian assets. Euroclear promises a first installment of €1.5 billion from frozen Russian assets for Ukraine in July. The funds will be used for weapons, air defense, shells, and defense industry development. This was announced by Prime Minister Denys Shmyhal during a government meeting on Tuesday, UNN reports.
The Euroclear international depository in Belgium, where a significant portion of the frozen Russian assets are stored, promises to make the first installment of almost €1.5 billion this month. The funds will be used to purchase the most necessary weapons, air defense systems, artillery shells and to develop our defense industry
According to him, Ukraine insists on the principle that all Russian assets in the West should be confiscated and used for the restoration and defense of Ukraine.
Addendum
The Belgian securities depository Euroclear reportedthat it will make the first payment of EUR 1.55 billion from the proceeds of seized Russian assets to the European Fund for Ukraine in July 2014.
