• 15/04/2024 17:31

The EU agreed in principle to the use of frozen assets of the Russian Federation for Ukraine

The first billion euros could be transferred to our state by mid-summer.

The EU has agreed in principle to the use of frozen assets of the Russian Federation for Ukraine

Olaf Scholz, Viktor Orban and Emmanuel < President of the European Commission Ursula von der Following the results of the first day of the European Council summit in Brussels, Liaen announced the “agreement in principle” of the bloc countries to transfer proceeds from frozen Russian assets to Ukraine.

As The Guardian writes, the path to an agreement was opened after changing the wording: Hungary managed to insist on ensuring that the final documents do not talk about using money to buy weapons. So it is not yet clear how exactly and under what conditions the funds will be distributed.

According to von der Leyen, the first billion euros could be transferred to Ukraine before July, and in general for the first year the profit from assets that The EU will send to our state could reach 3 billion euros.

The European Council also welcomed the efforts of Ukraine and Moldova to implement reforms and called for the approval of a negotiating framework for the countries as soon as possible in order to move immediately to the process itself. Council Chairman Charles Michel believes that the first intergovernmental meetings could take place before Belgium's vote in the EU ends on June 30.

  • The day before, information appeared that Hungary would block the decision to transfer income from Russian assets to Ukraine.< /li>
  • Austrian representatives also spoke about disagreement with the use of money for the purchase of weapons.
  • Instead, German Chancellor Olaf Scholz argued that profits should be directed specifically to weapons.

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