EU transfers EUR 1.5 bn from frozen Russian assets to Ukraine

The European Union will transfer EUR 1.5 billion in proceeds from frozen Russian assets to Ukraine, European Commission chief Ursula von der Leyen said on Friday.

Pixabay License

Image by moerschy from Pixabay

"Today we transfer EUR 1.5 billion in proceeds from immobilised Russian assets to the defence and reconstruction of Ukraine," she wrote on the X social media platform.

"There is no better symbol or use for the Kremlin’s money than to make Ukraine and all of Europe a safer place to live," she added.

The EU stands with Ukraine.

Today we transfer €1.5 billion in proceeds from immobilised Russian assets to the defence and reconstruction of Ukraine.

There is no better symbol or use for the Kremlin’s money than to make Ukraine and all of Europe a safer place to live. pic.twitter.com/keDyf9Dzzd

— Ursula von der Leyen (@vonderleyen) July 26, 2024

Ukrainian Prime Minister Denys Shmyhal thanked von der Leyen and the EU "for your steadfast support and this significant contribution to Ukraine’s defence and reconstruction."

Thank you, @vonderleyen, and the EU for your steadfast support and this significant contribution to Ukraine’s defence and reconstruction. Together, we are turning adversity into strength and building a safer, more resilient Europe. 🇺🇦🇪🇺 #StrongerTogether #StandWithUkraine
______… https://t.co/A90EmY4u7f

— Denys Shmyhal (@Denys_Shmyhal) July 26, 2024

"Together, we are turning adversity into strength and building a safer, more resilient Europe," he said.

Poland's foreign minister this week said that more rapid transfer of frozen Russian assets to Ukraine was technically feasible but required unanimous consent from European Union member states.

(gs)

Source: IAR, PAP, Reuters