Brussels: The European Union (EU) has introduced that it has transferred 1.5 billion euros ($1.62 billion) to assist Ukraine. This cash got here from Russia’s confiscated belongings. The EU enacted a legislation in Might that made this diversion of funds potential. This allowed Ukraine to make use of it, Xinhua information company reported. In an announcement on Friday, the EU mentioned that that is the primary fee acquired from Russian belongings. This cash will probably be allotted to Ukraine by way of the European Peace Facility.

The 1.4 billion euros allotted from the European Peace Facility will probably be used to buy army gear, together with air protection methods and ammunition. This was mentioned by Josep Borrell, the Excessive Consultant of the European Union for Overseas Affairs. European Fee President Ursula von der Leyen mentioned “There might be no higher use of Russian cash than to make Ukraine and the entire of Europe a secure place.”