Czech Republic plans to buy ammunition for Ukraine with interest on frozen Russian assets in the EU.

Czech Republic plans to utilize interest generated from frozen Russian assets in the EU to purchase ammunition for Ukraine's military, following a decision by the EU to use €1.4bn ($1.5bn) in profits from the assets to provide arms and support for Ukraine amidst Russia's invasion. This initiative includes the Czech-led effort to buy artillery ammunition for Ukraine worldwide, funded by Western partners. The Kremlin has called this plan a "theft" and has threatened to take legal action against anyone involved in the decision.

August 20, 2024
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