EU to allocate €1 billion from frozen Russian assets to strengthen Ukraine's defense industry

Government

The European Union is channeling surplus revenues to bolster Ukraine's defense capabilities. The European Commission has proposed directing €1 billion from the second batch of frozen Russian assets, directly towards boosting Ukraine's defense industry. This announcement was made by Justice Commissioner Didier Reynders during a plenary session of the European Parliament in Strasbourg, as reported by Ukrinform . "We have mobilized €1.5 billion from frozen Russian assets' surplus revenues. 90% of