Ukraine to Receive €1.4 Billion from Frozen Russian Assets at the beginning of August

Good news! Make Putin the Terrible pay!

"The high EU’s High Representative for Foreign Affairs and Security Policy, Josep Borrell, said during a meeting of the bloc’s Council on Foreign Affairs that  Ukraine will receive the first income from the frozen assets of the Central Bank of the Russian Federation next week.

Borrell said, “On earnings, I informed the ministers about the progress in the preparation of the first transfer of €1.4 billion ($1.52 billion), which is expected to take place at the beginning of August, next week.” ..."

Ukraine to Receive €1.4 Billion from Frozen Russian Assets in August The EU says this first tranche of funds will be used to finance the purchase of essential military equipment for Ukraine.