Yesterday at 21:39
On July 26, the European Commission is sending the first tranche worth €1.5 billion generated from the frozen Russian assets to Ukraine.
This was announced by the President of the European Commission.
“There is no better symbol or use for the Kremlin’s money than to make Ukraine and all of Europe a safer place to live,” Ursula von der Leyen noted additionally.
The European Commission elaborated on the decision to avoid speculations Russia has been pushing, claiming that the EU steals money from it.
“The immobilisation of the Russian Central Bank’s assets is a result of EU sanctions against Russia, adopted in the wake of its war of aggression against Ukraine. The extraordinary revenues generated in this context by the EU operators do not belong to Russia and are held by CSDs. The EU has now started to channel these revenues to Ukraine,” reads the statement on the website of the European Commission.
Still, a few days ago when the funds were officially pledged to Ukraine, Dmitry Peskov, Kremlin’s spokesperson, threatened the West with revenge for granting and called the EU’s decision ‘thievery’.
On July 24, EU ambassadors allowed allocation of €4.2 billion in macro-financial aid to Ukraine under The Ukraine Facility.
Read also: EU ambassadors allow allocation of €4.2 billion to Ukraine
