Facebook Pinterest Tumblr
  • News
  • World
  • Politics
  • Sports
  • Entertainment
  • Technology
  • Healthcare
  • More
    • Lifestyle
    • Opinion
    • Automobiles
    • Markets
    • Economy
Search
Buna Times
Buna Times
  • News
  • World
  • Politics
  • Sports
  • Entertainment
  • Technology
  • Healthcare
  • More
    • Lifestyle
    • Opinion
    • Automobiles
    • Markets
    • Economy
HomeWorldThe EU proposes to...
March 19, 2024

The EU proposes to use 90% of the proceeds from frozen Russian assets to purchase weapons.

By David
Facebook
Twitter
Pinterest
WhatsApp


    The head of European diplomacy will propose using 90% of the proceeds from frozen Russian assets to purchase weapons for Ukraine through the European Peace Fund. Josep Borrell proposes to transfer the remaining 10% to the EU budget and use it to develop the capabilities of the Ukrainian defense industry.

    .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } }

    .

    Borrell’s proposal to EU member states will be made on March 20.

    Bloomberg wrote the day before that the EU has prepared legislation that will allow the transfer of income from frozen sovereign Russian assets to Ukraine as early as July. This would allow about €3 billion a year to be used to finance weapons.

    Borrell stressed that the proposal is to use the profits from assets stored in Europe, rather than the assets themselves. This could bring in about 3 billion euros a year, he said.

    The European Commission is preparing a plan for the partial use of Russian money or profits from its investment, which may appear at the EU summit on March 21-22.

    The EU Council of Foreign Ministers agreed on the allocation of 5 billion euros in military support to Ukraine.

    The EU adheres to its commitments. The Ukraine Assistance Fund turns our words into actions. With the help of the fund, we will continue to support Ukraine to protect itself from Russian aggression by any means and for as long as necessary,” said the head of European diplomacy.

    Source: Racurs

    David
    David

    I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.

    Related

    - A word from our sponsors -

    Most Popular

    Two children were injured as a result of an explosion in Kharkovshina

    Lettl is something new: a blow to a teenager Dnipra is quoted in the air forces

    Zelensky gives doubt the order of freedom

    Ended in the time of a night attack in Odessa was a teacher and his husband (photo)

    • Tags
    • European Union

    LEAVE A REPLY Cancel reply

    Please enter your comment!
    Please enter your name here
    You have entered an incorrect email address!
    Please enter your email address here

    Previous article
    MES: Vocational schools have been identified where they will teach professions for the restoration of Ukraine
    Next article
    Oil exports from Russia are growing amid the Ukrainian attack – media

    More from Author

    World

    Two children were injured as a result of an explosion in Kharkovshina

    David -
    World

    Lettl is something new: a blow to a teenager Dnipra is quoted in the air forces

    The military -air forces commented on the...
    David -
    World

    Zelensky gives doubt the order of freedom

    David -
    World

    Ended in the time of a night attack in Odessa was a teacher and his husband (photo)

    In Odessa, the teacher and social pedagogy...
    David -

    - A word from our sponsors -

    Read Now

    Two children were injured as a result of an explosion in Kharkovshina

    Lettl is something new: a blow to a teenager Dnipra is quoted in the air forces

    The military -air forces commented on the Dnieper blow on the afternoon of June 28. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } On Saturday, monitoring channels reported a hit...

    Zelensky gives doubt the order of freedom

    Ended in the time of a night attack in Odessa was a teacher and his husband (photo)

    In Odessa, the teacher and social pedagogy of the Mikhailovsky lyceum Katerina Bosinskaya and her husband Valentine were killed as a result of shelling. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...

    Ministers Cabinet approved a budget declaration for three years

    The rocket lab brought a “secret” satellite to orbit

    Mathematics from them have stood: Standed results NMT-2025 Images

    This year, more than 284 thousand participants out of 312 thousand thousand took part this year. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } At the same time, the largest...

    Zelensky called the decision CCU, which ruined his work

    President of Ukraine Volodymyr Zelensky appointed a judge of the Constitutional Court by his quota and, thus, unlocked the work of CCU. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...

    Baltic countries have presented the UN of removal of convention on anti -personnel Mines

    Duda arrives at a farewell visit to Kyiv

    On the DNE in the Atlantic Ocean, the pain of chickens with radioactive departments was observed

    The international group of scientists discovered more than a thousand nuclear barrels in the north -east of the Atlantic Ocean. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } According to...

    The Italian Campari Group announced the sale of Cinzano

    Buna Time
    • DMCA
    • Privacy Policy
    • Terms of Use
    • Contact Us
    • Advertising and Outreach

    All Rights Reserved © 2023 - Buna Times