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<a href="https://bitcoinworld.co.in/eu-to-send-ukraine-1-4-billion-euros-from-frozen-russian-assets/" title="EU to Send Ukraine 1.4 Billion Euros From Frozen Russian Assets" rel="noopener noreferrer nofollow"></a>
The European Union (<a href="https://european-union.europa.eu/index_en" rel="noopener noreferrer nofollow">EU</a>) is set to provide Ukraine with 1.4 billion euros ($1.52 billion) in military aid, sourced from the interest on frozen Russian assets.&nbsp;
This decision, announced by EU High Representative for Foreign Affairs and Security Policy Josep Borrell during a Council on Foreign Affairs meeting, will see the first transfer of funds in early August.&nbsp;
The aid will be used to purchase essential military equipment, including air defense systems and artillery ammunition, and support Ukraine’s defense industry.&nbsp;
The Kremlin condemned the EU’s plan as “theft” and threatened legal action.&nbsp;
Russian Foreign Ministry spokesperson Maria Zakharova warned of potential economic and political retaliatory measures, including the confiscation of Western assets in Russia.&nbsp;
Following Russia’s invasion of Ukraine, the U.S. and its allies blocked $300 billion in Russian assets.

EU to Send Ukraine 1.4 Billion Euros From Frozen Russian Assets

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