EU to Allocate Frozen Russian Assets to Aid Ukraine
The EU has made a significant decision to allocate profits from its frozen Russian assets to support Ukraine's self-defense and recovery efforts amidst ongoing Russian aggression
The EU intends to provide a new financial aid package to Ukraine estimated at EUR 110M in 2015.
The statement was made by European Commissioner for European Neighbourhood Policy and Enlargement Negotiations, Johannes Hahn, TASS news agency reported.
He said that the larger portion of the sum will be utilized to assist the private sector in the country.
Meanwhile, Ukraine's President Petro Poroshenko announced Tuesday that heavy weapons have been pulled back from Donbass.
Despite the fact that the Minsk agreement, signed in February, was to be enacted on the 15th, military action continued, taking the lives of 64 Ukrainian soldiers.
Russia, on the other hand, has suffered massive economic sanctions imposed by the EU.
Spain stated Tuesday that it has also experienced losses on account of the new difficulties in trade relations with Russia.
"We have big losses, especially in the agricultural sector,'' said Spanish Foreign Minister Jose Manuel Garcia-Margallo, ITAR TASS reported.
Additionally, Russia's Economic Development Minister Alexey Ulyukayev said the country will aim at alleviating the food embargo for Greece and Hungary in alignment with the rules of the World Trade Organization (WTO).
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Ukrainian President Volodymyr Zelensky has proposed a strategy to involve aircraft from NATO countries bordering Ukraine in repelling Russian missile attacks without triggering direct military involvement
By the end of June, Spain will deliver another batch of German-made Leopard 2A4 battle tanks to Ukraine
The village of Bilohorivka in the Luhansk region of Ukraine has reportedly been seized by the Russian army
Dmytro Penteleychuk, head of the Joint Coordination Press Center for Southern Ukraine's Defense Forces, suggested that the Russian occupiers might have lost their last cruise missile carrier in Crimea
NATO appears to be on the verge of sending troops to Ukraine
Ukrainian President Volodymyr Zelensky believes that Russia lacks the strength to launch another attack on Kyiv
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU