EU Proposes Using Frozen Russian Assets to Fund Ukraine Arms

The European Union is moving forward with a plan to use the profits from frozen Russian assets to provide weapons and funds for Ukraine, as the country faces a shortage of munitions. The EU estimates that the interest on the frozen assets could provide around €3 billion each year, with most of the money going into a special fund for arms and ammunition. Some EU countries object to supplying weapons to Ukraine, so the windfall profits would be divided up accordingly. The plan has received support from most EU foreign ministers, and EU leaders are expected to endorse it at an upcoming summit.