The funds will be transferred to Kiev in tranches as loans, according to the report
The funds will be transferred to Kiev in tranches as loans, according to the report. The publication does not disclose the number of tranches or the timeframe for the transfer.
On September 10, European Commission President Ursula von der Leyen said that the EC did not intend to confiscate frozen Russian assets in the West, but would use them to issue loans to Ukraine.
The funds will be directed "to sustain the Ukrainian State, preserve essential public services" and support the Ukrainian military
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