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EU to provide Ukraine with €1.9 billion from frozen Russian assets in spring 2025 – World
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EU to provide Ukraine with €1.9 billion from frozen Russian assets in spring 2025 – World

BRUSSELS, November 15. /TASS/. The European Union intends to provide Ukraine with a second tranche of 1.9 billion euros in profits from frozen Russian assets in spring 2025, a senior EU representative in Brussels told reporters .

“The second tranche will be larger than the first – 1.9 billion euros. The money will be allocated only next year – in March-April 2025,” he said, emphasizing that the EU is currently preparing the terms of allocation of this tranche.

The diplomat also noted that the EU had almost fulfilled its promise to supply Ukraine with one million shells.

“We have supplied almost a million shells: 98% have already been delivered,” he said.

According to the European official, the EU intends to train up to 75,000 Ukrainian soldiers by the end of winter. “Our training mission has already trained 65,000 Ukrainians. Our goal is to train up to 75,000 by the end of winter,” he added.

In late October, the European Union adopted a set of regulations approving the allocation of 35 billion euros in macro-financial assistance to Ukraine, as part of a broader G7 loan program totaling 45 billion euros. The loans will be repaid using income from the reinvestment of Russian assets illegally seized by the European Commission on the territory of EU countries. The repayment period for these loans is 45 years. In doing so, Brussels is letting the G7 countries, first and foremost the United States, know that it will not unfreeze Russian assets for at least 45 years. According to the EC, the amount of assets seized in the EU amounts to around 220 billion euros.

Russian Foreign Ministry spokeswoman Maria Zakharova warned that Russia would take retaliatory measures if income from Russian assets was transferred to Ukraine. Since the start of the military action in Ukraine, assets worth around $280 billion (260 billion euros, most of which are at the disposal of the Belgian financial group Euroclear) have been blocked in the countries of the G7 and the EU, as well as in Australia.