Ukraine-Russia war latest: Europe sends billions in frozen Russian assets to Kyiv as Moscow threatens response
The EU has transferred €4bn to Ukraine using revenue generated from frozen Russian assets, the country’s finance ministry revealed on Wednesday.
It comes as European leaders discuss the possibility of transferring up to €140bn in the same manner this week.
Moscow has warned it considers the procedure “theft” of its sovereign assets and will seek the prosecution of countries and individuals involved.
Leaders including Macron have expressed support for the initiative, but have stressed it must take place in accordance with international law.
“We need a more structural solution for military support,” the European Commission’s president, Ursula von der Leyen, said on Tuesday. “This is why I have put forward the idea of a reparations loan that is based on the immobilized Russian assets.”
European leaders are meeting in Copenhagen this week to discuss the formation of a “drone wall” along their borders with Russia and Ukraine to stop drones violating European airspace.
