BRUSSELS, May 21 - European Union countries announced on Tuesday that they have reached an agreement to use the profits earned from frozen Russian assets to provide military support to Ukraine and help rebuild the war-torn country.

The 27-nation EU is holding around 210 billion euros ($225 billion) in Russian central bank assets, most of it frozen in Belgium, in retaliation for Moscow’s war against Ukraine, The Associated Press reported. It estimates that the interest on that money could provide around 3 billion euros ($3.3 billion) each year.