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                        THURSDAY, NOVEMBER 28, 2024
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EU Council agrees on to provide Ukraine with EUR 1.4-bln Russia assets
Journal Staff Report

BRUSSELS, June 25 – The EU Council has agreed on a decision to provide Ukraine with EUR 1.4 billion of windfall income from frozen Russian assets, says EU High Representative for Foreign and Security Policy Josep Borrell.

Following the meeting of the European Council on Foreign Affairs, he said that the ministers today had agreed on a legislative framework for the use of windfall revenues from immobilized Russian assets, which will be sent to the European Peace Facility ... But, according to him, windfall revenues from Russian assets frozen in Europe, not assets directly, will be used as soon as possible in the interests of Ukraine, EUR 1.4 billion will be available next month and another billion by the end of the year.




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