The cash will not be used for reimbursements, as is generally the case with the UAF, however for direct purchases of equipment like ammunition and aerial protection programs. 1 / 4 of the quantity will probably be used for purchases from Ukrainian industries.
Nations had till 11 a.m. to voice their opinion, and none forged a detrimental vote, in response to an inside Council message seen by POLITICO. The choice didn’t require unanimity, which means Hungary couldn’t block it.
Regardless of as we speak’s settlement, Hungary is constant to dam the cost of €6.6 billion beneath the UAF as a partial reimbursement for weapons bought for Ukraine. In accordance with one diplomatic, Budapest is “livid” at what occurred as we speak.
The ultimate determine of the quantity of income from the frozen property that can go to Kyiv continues to be unclear, however diplomats stated it ranges between €1.2 billion and €1.4 billion.
The formal announcement is predicted at a gathering of EU international ministers in Luxembourg on Monday.