EU plans to utilize frozen Russian assets for Ukraine starting in July

EU Ambassadors Agree to Release Frozen Russian Assets for Ukraine’s Defense Efforts

The EU ambassadors agreed in principle to release frozen Russian assets to support Ukraine’s defense efforts, which were frozen due to Russia’s aggression against Ukraine. This decision comes after the European Peace Facility was approved to receive 90% of the funds, with the remaining 10% going towards Ukraine’s budget. The EU Commission estimates that around 210 billion euros from the Russian central bank have been frozen in the EU and expects the agreement to be approved by the Council of Economics and Finance Ministers next week.

The ambassadors also discussed other topics on their agenda, including a decrease in Austria’s frozen Russian assets 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. In addition, they talked about a new sanctions package against Russia that includes restrictions on liquid gas imports and additional sanctions for other organizations and individuals.

Other topics on the 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 Turkish commandos’ activities in Idlib. The discussions covered a wide range of topics related to EU policies, financial matters, and current events.

Overall, it appears that the EU is taking proactive steps to address Russia’s aggression against Ukraine while also discussing various other important issues related to its policies and financial matters.

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