On Monday, the High Representative of the European Union for Foreign Policy, Josep Borrell, expressed confidence that the bloc can proceed with the decision to provide military aid to Ukraine using income from frozen Russian assets. Despite Hungary’s rejection, Borrell stated that most of the initial 1.5 billion euros promised for July will be directed towards the European Peace Mechanism for purchasing ammunition and anti-aircraft defenses for Kyiv.
During a meeting in Luxembourg, the foreign ministers of the 27 EU member states gave approval for the transfer of funds from Russian assets immobilized in Europe. However, Borrell indicated that legal mechanisms allow the EU to move forward with the decision even if a member state like Hungary does not wish to participate.
The decision to use funds from frozen assets for military aid to Ukraine has already been made by the member states, and steps are now being taken to implement the agreement. Borrell highlighted the importance of advancing with