EU Unveils €50 Billion Ukraine Aid and Seized Russian Asset Plan

The European Union announces a comprehensive €50 billion support package for Ukraine, alongside a strategy to use seized Russian profits for arms purchases.

The EU has disbursed the first €4.5 billion installment of a new €50 billion financing instrument for Ukraine, aimed at supporting the nation's budget until 2027.
EU plans to use profits from frozen Russian state assets in the EU, approximately €3 billion annually, to finance arms deliveries to Ukraine.
The European Commission presented a plan detailing the use of Euroclear-held Russian asset profits for Ukraine's benefit, addressing legal concerns and investor confidence.
EU member states agreed to extend duty-free imports from Ukraine for another year, with protective measures for certain agricultural products to address farmers' concerns.
Kremlin condemns the EU's plan to use Russian profits for Ukrainian arms purchases, warning of potential damage to the West's reputation as a safe haven for investments.