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Borel: We must immediately find a way to use the proceeds from the frozen Russian funds for Ukraine

The need to make an immediate decision on the use of the revenues from the Russian frozen funds in the EU, in order to help Ukraine, was underlined today by the High Representative of the EU, Josep Borrell, coming to the Foreign Affairs Council in Luxembourg. “We need to find a legal way to use the proceeds from the frozen Russian funds, avoiding any kind of entanglement. We have a process to make it move quickly,” Borrell said, stressing that “there is the solution that is coming to the negotiating table today.” Borel said that one member state (including Hungary) refuses to implement legal decisions to transfer part of the proceeds from frozen Russian assets to the European Peace Facility (EPF), stressing that “we must avoid that happening this’ and that ‘there is a solution’. He also underlined that this money must be used immediately and that the first disbursement could be made next week, or at the beginning of July. “Ukraine needs more help now, […]
Source: News Beast

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