EU to Allocate €300 Million from Frozen Russian Assets for Ukraine's Arms via France by End of 2024

Sep 7, 2024, 08:41 AM

The European Union will allocate €300 million from frozen Russian assets to France for the purpose of supplying weapons to Ukraine, according to a statement from the French Ministry of the Armed Forces. This allocation is part of a broader €1.4 billion EU initiative aimed at quickly acquiring ammunition, artillery, and air defense systems. The funds will be used to purchase weapons from the French military-industrial complex by the end of the year.