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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.