The mechanism for transferring funds from Russian assets frozen abroad to Ukraine is at the final stage of development. These funds will be directed to the purchase of weapons and ammunition, partially produced in Ukraine. This was reported by the Ambassador of the European Union to Ukraine, Katarina Maternova interview agency “Ukrinform”.
“Part of these funds will also be used to prepare Ukraine’s energy sector for winter. This money will begin to flow to Ukraine very soon.”– said the ambassador.
According to Maternova, the mechanism for Ukraine’s actual receipt of these funds is almost complete, and 1.5 billion euros have already been allocated for the direct purchase of weapons.
What is known about profits from frozen assets
As previously reported by the Minister of Defense of Ukraine Rustem Umyerov, annual profits from frozen Russian assets are expected to amount to approximately 2.5-3 billion euros. These funds will be used to purchase ammunition, anti-aircraft defense equipment and support domestic manufacturers.
However, it is worth noting that in May, the International Monetary Fund expressed concern about plans to use frozen Russian assets, calling it a potential threat to the global monetary system.
