EU Approves Plan to Use Profits From Frozen Russian Assets
- EU European affairs ministers meet in Brussels Tuesday
- The plan may see as much as €3 billion go to Ukraine this year
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European Union member states on Tuesday approved a plan to use the profits generated by frozen Russian sovereign assets to support Ukraine’s recovery and military defense.
This move will provide Ukraine as much as €3 billion ($3.3 billion) this year, 90% of which will go to Ukraine’s military, Czech Foreign Minister Jan Lipavsky wrote on the social media platform X.