European Union foreign policy chief Josep Borrell says that he will propose that the EU use 90 percent of the revenues from Russian assets frozen in Europe to buy arms for Ukraine via the European Peace Facility fund.
The EU's top diplomat told reporters in Brussels on March 19 that he would propose that the remaining 10 percent be transferred to the EU budget to be used to boost the capacity of the Ukrainian defense industry.
He said he would submit the proposal to EU member states on March 20, ahead of an EU summit starting the next day.