EU releases earnings from frozen Russian assets for Ukraine
The EU has transferred 1.5 billion euros from 210 billion euros of frozen Russian state assets to Ukraine for defense and reconstruction. 90% of the 4.4 billion euros in interest earnings will be used for military aid, while 10% will go towards direct financial assistance.
The Kremlin has criticized this move as 'expropriation' and has threatened retaliatory measures. The German defense industry also stands to benefit from these funds.
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EU frees up revenue from Russian assets for Ukraine
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