Ambassadors representing European Union states have reached a deal “in principle” to use the proceeds of Russian assets frozen in the EU to finance military aid for Ukraine, the Belgian government said on May 8. “EU ambassadors agreed in principle on measures concerning extraordinary revenues stemming from Russia’s immobilized assets,” it wrote on X, formerly Twitter. “The money will serve to support Ukraine's recovery and military defense in the context of the Russian aggression.” EU Commission President Ursula von der Leyen said that “there could be no stronger symbol and no greater use for that money than to make Ukraine and all of Europe a safer place to live.”
EU Reaches Deal To Use Proceeds From Russian Assets To Fund Ukraine Military Aid
EU Commission chief Ursula von der Leyen hailed the agreement on Russian assets (file photo).