EU to provide Ukraine with €1.4bn in proceeds from frozen Russian assets in fifth tranche

Ursula von der Leyen. Photo: Getty Images

The European Union will provide Ukraine with a fifth tranche worth €1.4 billion, funded by proceeds generated from frozen assets of the Central Bank of Russia. The money will be used to strengthen Ukraine's defence capabilities and resilience.

Source: European Pravda, citing European Commission President Ursula von der Leyen and the European Commission's press service; Ekonomichna Pravda, citing Ukrainian Prime Minister Serhii Koretskyi

Details: The European Commission announced that the EU had received another €1.4 billion in proceeds generated from immobilised assets of the Central Bank of Russia on 3 August. These funds will now be transferred to Ukraine as the fifth tranche under the initiative.

EU to provide Ukraine with €1.4bn in proceeds from frozen Russian assets in fifth tranche

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