EU allocates $1.6 billion from frozen Russian assets to Ukraine

abcnews.go.com July 26, 2024, 12:00 PM UTC

The European Union has allocated 1.5 billion euros ($1.6 billion) to support Ukraine, sourced from profits on frozen Russian assets. This funding is part of a broader initiative to utilize interest from approximately 210 billion euros ($225 billion) in immobilized Russian central bank assets. The EU estimates these assets could generate around 3 billion euros annually for Ukraine's defense and reconstruction efforts.


With a significance score of 5.3, this news ranks in the top 1% of today's 12832 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 8000 minimalists.