Current location:sport >>
EU seals a deal on using profits from frozen Russian assets to help arm Ukraine
sport36People have gathered around
IntroductionBRUSSELS (AP) — European Union countries announced on Tuesday that they have reached an agreement to ...
BRUSSELS (AP) — European Union countries announced on Tuesday that they have reached an agreement to use the profits earned from frozen Russian assets to provide military support to Ukraine and help rebuild the war-torn country.
The 27-nation EU is holding around 210 billion euros ($225 billion) in Russian central bank assets, most of it frozen in Belgium, in retaliation for Moscow’s war against Ukraine. It estimates that the interest on that money could provide around 3 billion euros ($3.3 billion) each year.
Ukraine is desperate to obtain weapons and ammunition as Russia presses its military advantage.
EU headquarters said that 90% of the money would be put into a special fund known as the European Peace Facility that many EU countries already use to get reimbursed for arms and ammunition they send to Ukraine.
The other 10% would be put into the EU budget. The programs that this money funds would help to bolster Ukraine’s defense industry or to help with reconstruction, should some countries object to their share being used for military purposes.
A small group of member states, notably Hungary, refuse to supply weapons to Ukraine.
Officials have said that a first tranche of the funds could be available in July.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Signals news portal”。http://sierraleone.fightbigfood.org/article-33e199870.html
Related articles
Police raid the headquarters of the Milan
sportMILAN (AP) — Italy’s financial police raided the headquarters of the Milan-Cortina 2026 Winter Olymp ...
【sport】
Read moreRevealed: England's 'postcode lottery' of maternity care laid bare in interactive map and table
sportMore than half of England's maternity units are failing, analysis shows. MailOnline's huge audit — l ...
【sport】
Read moreWhy taxpayers shouldn't have to fork out for entitled millennials' lavish weddings
sportHow lovely it is to go to a wedding when you’ve known the bride or groom since they were babies.Sinc ...
【sport】
Read more
Popular articles
- It's so hot in Mexico that howler monkeys are falling dead from the trees
- Sam Rubin, beloved LA entertainment anchor and interviewer, dies at 64
- A US museum curator was detained in Turkey on claims of spider smuggling. He says he has permits
- RFK Jr. challenges Donald Trump to debate at Libertarian Convention
- Clark signs deal with Wilson Sporting Goods for signature line
- Superbugs will make Covid look 'minor', ex
Latest articles
At least 6 Egyptian women die after vehicle slides off ferry and plunges into Nile River
Fans flock to Paris to cheer as Lise Davidsen becomes classical music's Taylor Swift
I repeatedly bail out my partner from his financial messes
VP Kamala Harris utters a profanity in advice to young Asian Americans
How major US stock indexes fared Monday, 5/20/2024
Canadian wildfire smoke chokes upper Midwest for second straight year
LINKS
- Feds accuse Rhode Island of warehousing kids with mental health, developmental disabilities
- California moves closer to requiring new pollutant
- Researchers date living age of Liujiang Homo sapiens in south China
- Closing prices for crude oil, gold and other commodities
- Researchers date living age of Liujiang Homo sapiens in south China
- GOP attorneys general sue Biden administration and California over rules on gas
- Former Mormon lifts the lid on how the cult
- Westminster Kennel Club: At the 148th show, a display of dogs and devotion
- China's economic powerhouse kindles new quality productive forces
- China auto association slams U.S. protectionism in NEV industry