France allocates €1.4bn from frozen Russian assets for military aid to Ukraine, backed by the EU.

France will allocate €1.4 billion ($1.5 billion) from frozen Russian assets to support military aid for Ukraine, as part of the European Peace Facility and with backing from the EU. The European Commission has approved the rapid procurement of military supplies from French industry, including ammunition and air defenses. This initiative aligns with a broader EU strategy to use interest revenue from these assets to aid Ukraine's military and reconstruction efforts. Russia has criticized the move as "illegal."

September 06, 2024
10 Articles