EU nations agree to provide Ukraine with additional funds for military equipment

SOURCE www.foxnews.com
European Union nations reached a breakthrough deal to provide Ukraine with billions in additional funds for arms and ammunition coming from frozen Russian central bank assets, with $3.2 billion a year potentially available for Kyiv.

Key Points

  • EU ambassadors agreed to provide Ukraine with funds from frozen Russian central bank assets
  • 90% of the funds could be spent on ammunition and military equipment
  • First installment of funds could reach Kyiv in July
  • Deal includes safeguards to allow for 10% of the funds to be considered general aid

Pros

  • EU nations providing additional funds to Ukraine for military equipment
  • Potential for $3.2 billion a year to be available for Kyiv

Cons

  • Some member states, like Hungary, refusing to supply weapons to Ukraine