The European Union has announced that it will use €1.4 billion from interest generated by frozen Russian assets to support Ukraine. This decision comes as part of the EU’s efforts to hold Russia accountable for its actions in Ukraine.
EU Action Against Russia
The money, which was transferred to the EU on August 3, is part of the interest earned on Russian central bank assets that were frozen by the EU following Moscow’s invasion of Ukraine. European Commission President Ursula von der Leyen stated that the EU is committed to making Russia pay for the destruction it has caused and that the proceeds from the frozen assets will be used to support Ukraine’s continued resistance against Russia’s illegal war.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
