EU chief Ursula von der Leyen said the revenue from Russian assets would 'provide funding for military equipment to Ukraine'. Photo: KENZO TRIBOUILLARD / AFPEU leaders on Thursday agreed to"take work forward" on a plan to use the profits from frozen Russian central bank assets to armMore than two years into Moscow's war against its neighbour, Kyiv's troops are struggling to hold back the Russian army as Western deliveries of weapons have faltered.
"I'm glad that leaders endorsed our proposal to use the extraordinary revenues from immobilised Russian assets. This will provide funding forThe EU froze around 200 billion euros of Russian central bank assets held in the bloc as part of punishing sanctions imposed on Moscow for sending troops into its neighbour in February 2022.
Brussels has put forward a raft of proposals aimed at ramping up capacity but there are complaints that Europe is still not moving fast enough.on a war footing, the EU has fallen well short of a promise made last year to supply Ukraine with a million artillery shells by this month. Instead, the leaders issued a call for the EU's lending arm, the European Investment Bank, to expand its funding for the defence sector.