EU Releases Frozen Russian Assets to Support Ukraine
The European Commission confirmed the transfer of funds to Ukraine, which occurred on August 3, 2023. These funds were derived from interest earned on cash balances associated with Russian central bank assets that were frozen by the European Union following Russia's invasion of Ukraine.
European Commission President Ursula von der Leyen stated that Russia must be held accountable for the destruction resulting from the war. She emphasized that the additional financial support would enhance Ukraine's ability to endure the ongoing conflict.
This allocation is part of the European Union's broader strategy to provide financial assistance to Ukraine while utilizing proceeds from frozen Russian state assets held within the bloc.
Plus234Feed summary based on reporting from Voice of Nigeria. Read the original report below.
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