EU Strikes Deal to Fund Ukraine's Defense with Frozen Russian Assets

The agreement, primarily focusing on weapon procurement, will utilize interest from Russia's immobilized financial reserves.

EU ambassadors finalize a plan to allocate up to €3 billion annually from Russian asset profits to support Ukraine.
Belgium, holding the presidency and most of the frozen assets, plays a key role in brokering the deal amid complex negotiations.
A portion of the funds is earmarked for general aid, addressing concerns from EU members opposed to arming Ukraine.
The first disbursement to Ukraine could occur by July, pending final approval from EU finance ministers.
Legal safeguards are included to manage potential Russian litigation risks, ensuring the plan's viability.