European Commission President Ursula von der Leyen announced Wednesday that the EU is allocating an additional €1.4 billion for aid to Ukraine, sourced from the proceeds of frozen Russian assets. She stated that Russia must pay for the destruction it caused. The funds are part of ongoing international support for Kyiv.
European Commission President Ursula von der Leyen announced Wednesday that the EU will allocate an additional €1.4 billion to Ukraine, sourced from the proceeds of frozen Russian assets. The funds are intended to support Ukraine's war effort, with von der Leyen stating that 'Russia must pay for the destruction it caused.' The announcement adds to a series of EU aid packages this year. In July, the Commission approved a €10 billion package for drones, missiles, and fighter jets, and in June it transferred a €3.9 billion loan for Ukraine's drone-manufacturing program, as reported by The Zioneer. The EU's use of frozen Russian assets for Ukraine aid has been a key part of its strategy to fund Kyiv without direct taxpayer contributions.
- DevelopingEuropean Commission approves €10 billion in aid to Ukraine for drones, missiles, and fighter jets
- StrongEuropean Commission transfers €3.9B to Ukraine under drone-production loan scheme
- DevelopingUK pledges further £290 million in funding for Ukraine energy security
- DevelopingIMF approves $690 million payment to Ukraine
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