EU allocates 1.4 billion euros to Ukraine from frozen Russian assets

EU allocates 1.4 billion euros to Ukraine from frozen Russian assets

European Union

The European Union will allocate €1.4 billion to Ukraine from revenues generated by frozen Russian assets.

Prime Minister Sergii Koretskyi made the announcement on Telegram, CE Report quotes Ukrinform.

The funds will be used to strengthen Ukraine’s defense and resilience.

“The answer to Russian terror must be the strengthening of Ukraine. For every new crime, Russia must pay,” Koretskyi said.

He thanked European partners for their principled stance.

As reported, the European Commission earlier allocated €3.47 billion to Ukraine under the defense block of the €90 billion Ukraine Support Loan.

Photo: President’s Office

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