10% of the windfall profits will fund non-lethal aid to assuage EU member states that do not wish to fund arms
European Commission president Ursula von der Leyen welcomed the agreement and said the money would help make Europe a safer place to live.European Commission president Ursula von der Leyen welcomed the agreement and said the money would help make Europe a safer place to live.The EU has reached a deal to seize profits from Russia’s frozen assets to fund weapons and aid for
Belgium has now said it is “prepared to consider” a voluntary plan to transfer the collected taxes to Ukraine from 2025, according to diplomatic sources. The Belgian climbdown wasThe Belgian state is already contributing aid to buy weapons for Ukraine, but other EU countries argued the Russian windfall should be additional to – not instead of – Belgium’s regular Ukraine aid.
EU member states decided that 90% of the windfall profits would go on weapons for Ukraine and remaining 10% on non-lethal aid, a split designed to assuage countries including Ireland, Austria and Hungary that cannot or do not wish to fund arms. Welcoming the agreement, the European Commission president, Ursula von der Leyen, tweeted: “There could be no stronger symbol and no greater use for that money than to make Ukraine and all of
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