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The European Union (EU) ambassadors have agreed in principle to allow the proceeds of frozen Russian assets to flow into Ukraine’s defense, which was frozen due to Russia’s aggression against Ukraine. This decision comes after the EU Commission estimates that around 210 billion euros from the Russian central bank have been frozen in the EU and expects an agreement to be approved by the Council of Economics and Finance Ministers next week. Out of this amount, 90 percent will go towards the European Peace Facility for military support, with the remaining ten percent going into Ukraine’s budget.
The EU Commission plans to send the first funds to Ukraine as early as July, with an estimated income of 2.5 to 3 billion euros per year. Meanwhile, in Austria, the amount of frozen Russian assets has decreased significantly from 2 billion euros at the end of 2022 to 1.5 billion euros currently due to exchange rate fluctuations and exemptions. The National Bank also released assets that had been frozen due to exemptions.
During their meeting, the ambassadors also discussed the 14th sanctions package against Russia, which includes sanctions against imports of liquid gas and additions to the sanctions list for other organizations and individuals. Other topics on their agenda included discussions about Gacor Terkena slot games, employer profiles on AWWA Career Center, alumni feedback surveys, Medicare insurance agencies in Orlando, exploring online slot games, and activities by Turkish commandos in Idlib. Overall, their discussions covered a range of topics related to EU policies, financial matters, and current events.
