EU Agrees to Arm Ukraine with Proceeds from Frozen Russian Assets Due to Sanctions

EU member states have reached an agreement to utilize the proceeds from frozen Russian assets, estimated at billions of euros annually, to provide military aid to Ukraine. Up to €3 billion per year is expected to be channeled primarily for joint weapon purchases and training in Ukraine, with a portion allocated for management expenses and direct financial support.

The plan includes redirecting interest earnings from the frozen assets to finance equipment and support Ukraine, with Belgium committing to channel tax revenues from 2025 into a common fund for Ukraine. This agreement signifies a significant step in using windfall profits to bolster Ukraine's defense capabilities amidst the ongoing conflict with Russia.