"EU Proposes Using Frozen Russian Assets to Fund Ukraine Arms Purchase"
TL;DR Summary
EU Foreign Policy Chief Josep Borrell proposed that 90% of revenues from Russian assets frozen in Europe be allocated to an EU-run fund for financing weapons for Ukraine, with the remaining 10% to boost Ukraine's defense industry. The proposal, to be submitted to EU member governments, aims to address Ukraine's urgent military needs amid Russia's invasion, but faces concerns about legal and financial implications as well as potential retaliation from Moscow.
- EU plans to send Russian frozen asset revenues to Ukraine arms fund Reuters
- European Union pushes ahead with a plan to buy weapons for Ukraine with frozen Russian asset profits The Associated Press
- EU Drafts Law to Send Russian Central Bank Profits to Ukraine Bloomberg
- Von der Leyen dilutes plan to use Russian assets to buy Ukraine arms POLITICO Europe
- EU's Borrell wants to use 90% of frozen Russian assets revenues to buy arms for Ukraine The Jerusalem Post
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