Czech Republic to Fund Ukraine Ammunition with Frozen Russian Assets

Interest from $300 billion in blocked Russian assets will finance hundreds of thousands of artillery shells for Ukraine.

The Czech Defence Ministry announced the use of interest from frozen Russian assets to buy ammunition for Ukraine.
EU countries agreed to allocate €1.4 billion from these assets' profits for military aid to Ukraine.
The Czech initiative has already delivered up to 100,000 shells to Ukraine since June.
This move follows Prague's successful fundraising of €1.7 billion from Western partners for similar efforts.
Russia has condemned the use of these funds as 'theft' and threatened legal action.