EU allocates €80m to Ukraine from profits on frozen Russian assets

Kaja Kallas, EU High Representative for Foreign Affairs and Security Policy, has said the European Union has allocated an additional €80 million to Ukraine drawn from profits generated by frozen Russian assets.

Source: Kallas during a press conference with Ukrainian Foreign Minister Andrii Sybiha in Kyiv, as reported by European Pravda

Details: During her remarks, Kallas said the EU is allocating Ukraine an additional €80 million received from profits on frozen Russian assets.

Quote: "The 20th [sanctions] package is ready to go, and we will tighten the net even further, especially around Russia's shadow fleet."

Background:

• On 19 March, Hungarian Prime Minister Viktor Orbán said Hungary would not unblock any decision favourable to Ukraine until the flow of Russian oil through the Druzhba pipeline is restored.
• Hungarian Foreign Minister Péter Szijjártó has claimed that Ukraine will be forced to resume supplies of Russian oil via the Druzhba pipeline in April because it is running short of money.
• German Chancellor Friedrich Merz said recently that he doubts the issue of the €90 billion EU loan for Ukraine blocked by Hungary can be resolved quickly.

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