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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.
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