The European Commission is preparing to transfer to Ukraine the first tranche of revenues from the frozen assets of the Russian Federation: Forbes
These profits will be used for military support of Ukraine and the development of its defense and industrial complex.
In the coming weeks, the European Commission will send Ukraine the first tranche of financial aid, formed from the profits from frozen Russian assets. This was announced by European Commission representative Christian Wiegand at a briefing in Brussels on July 10. informs Forbes.
Wiegand noted that the income from frozen Russian assets will be used for military support of Ukraine and the development of its defense and industrial complex. He emphasized that the initiative to use these funds to help Ukraine is being implemented successfully, and the European Commission is actively working to make the first tranche available in the next few weeks.
In addition, Wiegand reported on the work on the initiative to provide Ukraine with a loan in the amount of €50 billion, which was agreed at the G7 summit in Italy in June of this year. As part of this initiative, by the end of this year, Kyiv should receive about €15 billion.
The president of the European Commission, Ursula von der Leyen, said that the commission is working on a proposal to pool part of the profits from frozen Russian state assets to help Ukraine in its post-war reconstruction.
