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President Ursula von der Leyen of the European Commission said on Friday that the EU will send 1.5 billion euros to Ukraine from Russian assets that have been frozen.
After Russia sent troops into Ukraine in February 2022, the West stopped assets worth about $300 billion that belonged to Russia.
Last month, the EU and the Group of Seven major democracies decided to lend Ukraine $50 billion with interest from the frozen Russian assets to help the country defend itself against Moscow’s invasion. Russia has promised to go to court.
“Today, we sent 1.5 billion euros from the sale of Russian assets that were frozen to help defend and rebuild Ukraine.” “On the social media site X, von der Leyen said, “There is no better sign or use for the Kremlin’s money than to make Europe and Ukraine a safer place to live.”
Denys Shmyhal, the prime minister of Ukraine, thanked the EU.
“Thank you, von der Leyen and the EU, for your unwavering support and this important help with Ukraine’s defense and recovery. “Together, we are making Europe safer and stronger by turning hardship into strength,” he said.
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