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German Chancellor Olaf Scholz Reaches Agreement on Use of Frozen Russian Funds for Weapons in Ukraine

In Europe, an agreement was reached about 90% of the money received from Russian funds frozen in the European Union for the purchase of weapons for Ukraine. This statement was made by the German Chancellor Olaf Scholz.

“It is important that we also agree that this money can be used for the purchase of weapons not only in the EU, but also for purchases around the world,” he said after a meeting with members of the governments of the three Baltic countries in Riga Reuters.

It is noted that there is no obligation to buy weapons only in Europe.

“Because of course, the most important thing now is to deliver weapons quickly, and not when a new factory is built,” Scholz emphasized.

The group recalled that back in March, the EU High Representative for Foreign Policy Josep Borrell proposed to transfer 90% of the money from Russian funds frozen in Europe to the EU fund, which finances the purchase of weapons for Ukraine.

About 70% of Russian assets frozen in the West are stored in the Euroclear central security deposit in Belgium. It holds securities and money from the Central Bank of Russia worth equal to 190 billion euros.

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Holland plans to move America F-16 fighters this autumn. They will begin to be delivered in batches “after the summer,” said the country’s Defense Minister Kaisa Ollongren.

Meanwhile, Italy will soon agree new military support package Ukraine. This was announced by the Minister of Defense of the country Guido Crosetto. At the same time, he noted that he excludes the possibility of sending Italian troops to Ukraine.

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2024-05-06 20:17:00


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