EU Approves $1.5 Billion Ukraine Military Aid Using Russian Assets
New sanctions target Russia's LNG exports and hybrid attacks amid ongoing conflict.
- EU foreign ministers agree on new military aid for Ukraine funded by frozen Russian Central Bank assets.
- The aid package circumvents Hungary's veto on the European Peace Facility fund disbursements.
- New sanctions include a ban on trans-shipment of Russian LNG via EU ports and target Russia's 'ghost fleet.'
- Additional punitive measures include asset freezes and travel bans on individuals and entities aiding Russia's war efforts.
- EU aims to reduce Russia's revenue sources and bolster Ukraine's defense capabilities.