EU Diverts Frozen Russian Assets for Ukraine Aid Amid Hungarian Block

The European Union has strategized to utilize the first tranche of profits from frozen Russian assets for military aid to Ukraine. This move bypasses a Hungarian block, with 1.4 billion euros expected to be available next week for arms and other aid, according to EU foreign policy chief Josep Borrell.

The European Union has approved a plan to use a first tranche of profits from frozen Russian assets for military aid to Ukraine, getting around a Hungarian block, diplomats said on Monday.

Earlier in the day, EU foreign policy chief Josep Borrell said the bloc had found a way to use the funds to buy arms and other aid for Ukraine without needing Hungary's consent.

Borrell said the first tranche of the profits – around 1.4 billion euros – is expected to be available next week.