EU Makes Over $1.6 Billion in Seized Russian Assets Available to Ukraine
The EU made its first transfer of seized Russian assets to Ukraine, making available over $1.6 billion, the European Commission announced. The funds are made up of sanctioned Russian Central Bank assets, 90% of which will head to the European…
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Peace Facility and 10% to the Ukraine Facility, which will support Ukrainian defense and reconstruction efforts. The next wave of assets to be sent to Ukraine will take place in March, the commission said.