The European Union is allocating an additional €80 million to Ukraine, generated from profits of frozen Russian assets. The funds are being directed as part of further financial support.
This was announced by EU foreign policy chief Kaja Kallas during a press conference in Kyiv, European Pravda reports.
According to Kallas, the new funding will be part of support for Ukraine amid the full-scale war.
“The 20th package is ready for implementation, and we will tighten the noose even further, especially around Russia’s ‘shadow fleet’,” she said.
Earlier, EU High Representative for Foreign Affairs and Security Policy Kaja Kallas stated that the European Union cannot yet guarantee Ukraine a €90 billion loan due to a lack of agreement among member states. The 20th package of sanctions against Russia also remains blocked. According to her, both issues — financial assistance to Ukraine and new sanctions against Russia — are currently stalled due to the absence of consensus within the EU.
Previously, Hungarian Prime Minister Viktor Orbán said that Budapest would not unblock decisions in favor of Ukraine until the supply of Russian oil via the Druzhba pipeline is restored.