{"id":380975,"date":"2024-07-26T12:28:24","date_gmt":"2024-07-26T10:28:24","guid":{"rendered":"https:\/\/www.eunews.it\/2024\/07\/26\/ue-15-miliardi-asset-russi-ucraina\/"},"modified":"2024-08-06T16:31:07","modified_gmt":"2024-08-06T14:31:07","slug":"eu-1-5-billion-russian-assets-ukraine","status":"publish","type":"post","link":"https:\/\/staging.eunews.it\/en\/2024\/07\/26\/eu-1-5-billion-russian-assets-ukraine\/","title":{"rendered":"EU released 1.5 billion from profits of frozen Russian assets to arm Ukraine"},"content":{"rendered":"

Brussels – Green light for military support to Ukraine with money from Moscow.\u00a0Today<\/a> (July 26), the EU paid the\u00a0first 1.5 billion euros generated from the proceeds of Russian assets<\/strong> frozen on EU soil. “There is no better symbol or use for the Kremlin\u2019s money than to make Ukraine and all of Europe a safer place to live,” rejoiced European Commission President Ursula von der Leyen<\/strong>.<\/p>\n

After the agreement<\/a> between member countries in May, the last missing piece was for Euroclear, a Belgian clearing company that holds most of the Russian Central Bank’s securities, to\u00a0make available a first tranche\u00a0of the proceeds. The\u00a0European Commission calculates that, depending on interest rates, it can\u00a0guarantee Kyiv about 3 billion a year<\/strong> through the profits of frozen\u00a0Russian assets: assets and reserves totaling about 210 billion euros.<\/p>\n

This first 1.5 billion tranche — and the next ones — will now be channeled through the European Peace Fund<\/a> and to the Ukraine Facility<\/a>\u00a0to support Ukraine’s military capabilities and the country’s reconstruction.\u00a0The EU 27 agreed that\u00a090 percent of the resources would go to military assistance<\/strong> and the remaining ten to Ukraine’s reconstruction. However, they reserved the option to review the allocation as early as January 2025.<\/p>\n

“The first tranche of the windfall profits will provide concrete support on the ground,” confirmed EU High Representative for Foreign Affairs Josep Borrell. In particular, the EU will finance “the acquisition of priority military equipment<\/strong>, namely air defense, ammunition for artillery \u2013 and also through procurement for the Ukrainian defense industry.”<\/p>\n","protected":false},"excerpt":{"rendered":"

The European Commission calculates that Brussels will be able to guarantee about 3 billion a year to Kyiv through Russian assets immobilized in the EU. Borrell: “Priority to air defense and artillery munitions.”<\/p>\n","protected":false},"author":7527,"featured_media":380899,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[25707],"tags":[28499,25803,25789],"class_list":["post-380975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world-politics","tag-european-peace-facility-en","tag-russia-in-2","tag-ukrainian-en-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.eunews.it\/en\/wp-json\/wp\/v2\/posts\/380975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.eunews.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.eunews.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.eunews.it\/en\/wp-json\/wp\/v2\/users\/7527"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.eunews.it\/en\/wp-json\/wp\/v2\/comments?post=380975"}],"version-history":[{"count":5,"href":"https:\/\/staging.eunews.it\/en\/wp-json\/wp\/v2\/posts\/380975\/revisions"}],"predecessor-version":[{"id":381301,"href":"https:\/\/staging.eunews.it\/en\/wp-json\/wp\/v2\/posts\/380975\/revisions\/381301"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.eunews.it\/en\/wp-json\/wp\/v2\/media\/380899"}],"wp:attachment":[{"href":"https:\/\/staging.eunews.it\/en\/wp-json\/wp\/v2\/media?parent=380975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.eunews.it\/en\/wp-json\/wp\/v2\/categories?post=380975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.eunews.it\/en\/wp-json\/wp\/v2\/tags?post=380975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}