EU Transfers €1.5 Billion to Ukraine from Frozen Russian Assets

Ukraine's Prime Minister Denys Shmyhal announced the receipt of a significant €1.5 billion contribution from the EU. These funds, derived from windfall profits on frozen Russian assets, will aid Ukraine's defence and reconstruction efforts.

Ukraine's Prime Minister Denys Shmyhal announced a substantial financial boost from the European Union, with a €1.5 billion transfer sourced from windfall profits on frozen Russian assets.

Shmyhal took to platform X to highlight the significance of this contribution towards Ukraine’s defense and reconstruction efforts amid ongoing conflicts.

This marks a critical step in financial support for Ukraine from international entities, showcasing the EU's commitment to aiding the nation during turbulent times.