2024-07-26 23:55:08
Europe
Politics
Ukraine

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.

n-tv.de
25. Juli 2024 um 22:20

Ukraine-Krieg im Liveticker: +++ 11:44 EU gibt Erlöse aus Russland-Vermögen für Ukraine frei +++ - n-tv.de

Politics
The EU is releasing interest earnings from frozen Russian state assets for the defense and reconstruction of Ukraine for the first time. EU Commission President Ursula von der Leyen announces a transfer of 1.5 billion euros. +++ The Federal Office for the Protection of the Constitution sees increasing signs of Russian sabotage in Germany. According to the "Stern" report, there are "increasing indications of possible activities in Germany". This is stated in the new security notice published by..
Deutsche Welle
26. Juli 2024 um 14:59

EU frees up revenue from Russian assets for Ukraine

Politics
Economy
The EU is transferring 1.5 billion euros from 210 billion euros in frozen Russian assets to Ukraine for defense and reconstruction. 90% of the 4.4 billion euros in interest will be used for military aid, 10% for direct financial aid. The Kremlin criticizes this as "expropriation" and threatens retaliation. The German defense industry also benefits from the funds.
CW

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