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News European Union EU has solution to use frozen Russian funds for Ukraine, Borrell says

EU has solution to use frozen Russian funds for Ukraine, Borrell says

EU's foreign policy chief Josep Borrell announced on Monday his intention to propose a solution to prevent any EU member state from blocking the use of frozen Russian financial funds to support Ukraine. Borrell emphasized the need for a legal procedure to ensure these funds can be utilized without obstruction, speaking ahead of an EU foreign affairs ministers' meeting in Luxembourg.

Reuters EUROPEAN UNION
Published June 24,2024
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EU HAS SOLUTION TO USE FROZEN RUSSIAN FUNDS FOR UKRAINE, BORRELL SAYS

EU foreign policy chief Josep Borrell on Monday said he would put forward a proposal on how to avoid any member state blocking the use of proceeds from frozen Russian financial funds to support Ukraine.

"We have a legal procedure in order to avoid any kind of blockage," Borrell said before a meeting of EU foreign affairs ministers in Luxembourg.