Official statements from the European Union or financial reports

Czechia to Use Frozen Russian Assets Interest for High-Caliber Ammunition for Ukraine

Aug 20, 2024, 10:45 AM

The Czech Republic, also referred to as Czechia, has announced plans to use part of the interest earned from Russian assets frozen in the European Union to purchase large-caliber ammunition for Ukraine. This decision aligns with a broader EU agreement to allocate funds from frozen Russian assets to support Ukraine's defense efforts against Russia. Czech Defense Minister Jana Černochová confirmed the initiative, emphasizing the country's commitment to aiding Ukraine. The funds will specifically be used to acquire high-caliber ammunition, as reported by CTK News Agency, underscoring the strategic importance of this support.