Ukraine will receive the first tranche of the proceeds from Russia’s frozen assets in the amount of €1.4-1.5 billion in early August 2024, according to Ukrainian Defense Minister Rustem Umerov. Today, Umerov met with the EU High Representative for Foreign Affairs and Security Policy, Josep Borrell, in Washington. “I want to thank the EU for the important decision to use the profits from frozen Russian assets. On May 21, 2024, the EU Council decided to allocate 90% of the profits from frozen Russian assets to the Ukraine Assistance Fund, which is part of the European Peace Facility. These funds…
