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EU Supports Ukraine with €1.6 Billion from Frozen Russian Assets
In a significant demonstration of its ongoing commitment to Ukraine, the European Union has announced that it will transfer €1.6 billion to Ukraine, generated from the profits of Russian Central Bank assets frozen under EU sanctions. This marks the third such transfer, reinforcing the EU's unwavering stance in supporting Ukraine in its time of need.
Notably, the assets themselves remain blocked, but the interest accrued from them can be utilized to bolster Ukraine's economy and development. This innovative approach underscores the EU's dedication to standing with Ukraine for as long as necessary, providing tangible support to help the country overcome the challenges it faces.
This substantial transfer is a testament to the EU's continued solidarity with Ukraine, demonstrating its resolve to foster a strong, secure, and prosperous Ukraine, which in turn, will contribute to a more secure and stable Europe. Every euro invested in Ukraine's future brings us closer to achieving this shared objective, ultimately benefiting the entire European community.