European Union nations reached a tentative breakthrough deal to provide Ukraine with billions in additional funds for arms and ammunitions coming from the profits raised from frozen Russian central bank assets held in the bloc.
A woman walks in front of a crater caused by a Russian missile attack in Zaporizhzhia, Ukraine, Wednesday, May 8, 2024. with billions in additional funds for arms and ammunitions coming from the profits raised from frozen Russian central bank assets held in the bloc.ambassadors was announced by Belgium, which holds most of the frozen assets in the bloc.
The deal should free up to 3 billion euros a year for Kyiv, of which 90% could be spent on ammunition and other military equipment.is holding around 210 billion euros in Russian central bank assets, most of it frozen in Belgium, in retaliation for Moscow’s war against. Kyiv has long been urging that those funds be used to get vital military supplies as it struggles to stave off renewed Russian attacks.
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