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French Defense Minister Sébastien Lecornu announced plans to use interest generated from frozen Russian assets to fund a €195 million military aid package for Ukraine.
In an interview with La Tribune Dimanche, Lecornu stated that this amount will allow for the delivery of 155mm shells and AASM bombs, which are used by Ukraine’s Mirage 2000 fighter jets.
He also mentioned efforts to speed up the transfer of older military equipment to Ukraine, including AMX-10RC tanks and VAB armored personnel carriers.
On March 7, Ukraine received its first payment from the United Kingdom under a G7 loan program that utilizes proceeds from frozen Russian assets.
In 2024, the G7 agreed to provide Ukraine with a $50 billion loan backed by Russian assets. While formally classified as a loan, it will be repaid using revenues generated from these frozen assets.
At the end of December 2024, Ukraine received the first tranche of the planned $20 billion contribution from the United States. In January 2025, the European Union also transferred its first €3 billion installment.
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