EU Funds Ukraine’s Defense with Seized Russian Assets
The EU will allocate €1.4 billion from seized Russian assets to fund military equipment for Ukraine, with delivery expected by the end of 2024, followed by an additional €1.9 billion in early 2025. This initiative follows the near-completion of a separate EU program providing Ukraine with 1 million artillery shells. Furthermore, the EU plans a €35 billion loan to Ukraine, with repayment sourced from future revenue generated from frozen Russian assets. Despite Hungarian opposition to some EU military aid initiatives, this significant funding demonstrates continued international support for Ukraine’s defense.
John Q. Hosedrinker