Your current location:HOME >sport >EU seals a deal on using profits from frozen Russian assets to help arm Ukraine 正文
TIME:2024-05-22 09:40:39 Source: Internet compilationEdit:sport
BRUSSELS (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.
Trump visits Minnesota after son Barron's Florida high school graduation2024-05-22 09:12
Flowers make rural economy blossom2024-05-22 09:05
Xi Addresses Opening Ceremony of Plenary Session of Second Eurasian Economic Forum2024-05-22 09:00
Xi Story: The Growth Story of a 'Dot'2024-05-22 08:51
What to expect in the California 20th District special election2024-05-22 08:47
Peng Liyuan, Spouses of Central Asian Leaders Visit Historic Theater2024-05-22 08:12
Xi Focus: Flourishing Wildlife Shows Success of China's National Parks2024-05-22 07:43
Camping tourism rebounds as pandemic eases and spring comes2024-05-22 07:39
Wayne Bennett, at 74, signs a 32024-05-22 07:22
Chinese, Kyrgyz Presidents Hold Talks, Elevate Bilateral Relationship2024-05-22 07:17
Kentucky congressman expects no voter fallout for his role in attempt to oust House speaker2024-05-22 09:28
Xi Focus: Flourishing Wildlife Shows Success of China's National Parks2024-05-22 09:02
Rural living gains popularity among Chinese urbanites2024-05-22 09:02
Resort is coming up roses2024-05-22 08:39
Syrian first lady Asma Assad diagnosed with leukemia, president's office says2024-05-22 08:12
In pics: Snow Town scenic spot in Hailin City, Heilongjiang2024-05-22 08:08
Thailand welcomes 1st Chinese tour groups in 3 years2024-05-22 07:55
Inside the world of China's insect explorers2024-05-22 07:22
Kansas takes control in the ninth and beats Kansas State in the opener of the Big 12 Tournament2024-05-22 07:17
Xi Hosts Central Asian Leaders in Historic Silk Road City for Milestone Summit2024-05-22 07:03