EU and Ukraine agree on €18.1 billion assistance secured by frozen Russian assets – photos
The European Union and Ukraine have signed a memorandum of understanding to provide €18.1 billion in macro-financial assistance secured by frozen Russian assets.
Source: Ukraine’s Prime Minister Denys Shmyhal and Vice President of the European Commission Valdis Dombrovskis, as reported by European Pravda
Details: According to Shmyhal, the €18.1 billion in question is part of the Group of Seven's US$50 billion package, which is secured by the proceeds of frozen Russian assets.
"Such a step is not only support [for Ukraine] but also a precedent for holding Russia accountable for its crimes and starting the process of making the aggressor pay for its brutal war," he added.
Honoured to sign MoU with Ukraine on behalf of EU for €18.1 b in macro-financial assistance to help
