EU Releases Earnings from Frozen Russian Assets for Ukraine
The EU is transferring 1.5 billion euros from the 210 billion euros of frozen Russian 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 be given as direct financial assistance.
The Kremlin criticizes this move as 'expropriation' and threatens retaliatory measures. The German arms 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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