The European Union has transferred EUR10.1 billion in revenue from frozen Russian assets to Ukraine over six months, as reported by German publication Welt am Sonntag, citing data from the European Commission. The funds are intended to support military and civilian projects in the country, with the aim of bolstering Ukraine’s capacity to defend itself against ongoing Russian aggression.
The financial assistance is part of a broader effort by the EU to impose economic pressure on Russia and to provide critical support to Ukraine amidst the ongoing conflict. By redirecting revenue generated from frozen Russian assets, the EU is demonstrating its commitment to both financial aid and sanctions enforcement. The allocation of these funds is expected to significantly impact Ukraine’s defense and reconstruction efforts.