EU to transfer $92 million in profits from frozen Russian assets to Ukraine
The Kyiv Independent • • world
Key Points:
- The European Union will allocate an additional 80 million euros from frozen Russian assets to Ukraine, announced EU top diplomat Kaja Kallas during a visit to Kyiv on March 31.
- Kallas emphasized the need to confront Moscow by tightening sanctions rather than loosening them, as the EU prepares its 20th sanctions package against Russia.
- European countries have frozen around 210 billion euros in Russian assets, with profits from these assets being used to support Ukraine, including a recent 5.9 billion euro delivery in November.
- Ukraine faces financial uncertainty due to delays in receiving a 90-billion-euro loan from the EU, blocked by Hungary despite unanimous EU agreement in December.
- Kyiv remains at risk of running out of funds by the end of spring without resolution on the loan or additional financial support, with Kallas reporting "no good news" on the loan progress.
