EU provides Ukraine with new tranche of 6 billion euros from proceeds of frozen Russian assets

Ukraine will receive €6 billion from the European Union from the proceeds of Russia's frozen assets. This was stated by European Commission President Ursula von der Leyen․

She also welcomed the European Council's commitment to cover Ukraine's financial needs over the next two years.

"We are working closely with Belgium and all member states on options to fulfill this commitment. Option 1 is to use budgetary opportunities to raise funds in capital markets. Option 2 is to have an intergovernmental agreement under which member states will independently raise the necessary capital. Option 3 is a reparations loan based on immobilized Russian assets.