The European Union has decided to provide Ukraine with an additional 80 million euros, sourced from profits generated by frozen assets of the Russian Federation. This funding will serve as extra support for Ukraine in challenging economic conditions and will help address the consequences of Russian aggression.
This is reported by Finway
Details of the New Financial Aid
EU High Representative Kaja Kallas announced this during a press conference held in Kyiv as part of an informal off-site meeting of the EU Foreign Affairs Council. EU representatives, including foreign ministers from member states, also arrived in Kyiv to honor the memory of the victims of the Russian occupation in Bucha.
“Today I am pleased that we are providing Ukraine with an additional 80 million euros, obtained from the profits of frozen Russian assets. Regarding energy needs – we briefly discussed this today. We continue to mobilize international support,” she said.
This decision once again demonstrates the EU’s consistent support and its commitment to mobilizing resources to assist the Ukrainian people in their resistance to Russian aggression.
Expectations for New Sanctions Against the Russian Federation
Kaja Kallas also expressed hope that the twentieth package of sanctions against the Russian Federation will be approved at the next European Council meeting. The EU continues to explore new pressure tools against Russia aimed at limiting its ability to finance the war and influence the energy sector.