24.06.2024, Luxembourg.
European Union countries reached a final agreement on the use of profits from frozen Russian assets, Belgian Foreign Minister Hadja Lahbib said on June 24 before a meeting of the EU Foreign Affairs Council in Luxembourg.
Hadja Lahbib stated that the EU countries agreed on sufficient security guarantees for this procedure to release the proceeds of frozen Russian assets. Lahbib also added that the 14th package of sanctions against Russia will be adopted today.
Earlier, Italian Minister of Economy and Finance Giancarlo Giorgetti said that the European Union will finance most of the $50 billion loan to Kiev, which will be secured by profits from frozen Russian assets. He said that the loan will be allocated to Kiev over 2024 under the guarantee of annual payments from the profits from Russian assets, which will be transferred to Kiev.
According to the EU High Representative for Foreign Affairs and Security Policy Josep Borrell, the first funds to Kiev in the amount of €1.4 billion will be transferred next week to Germany, Denmark and the Czech Republic, which will make purchases for Kiev.
Source: Rossa Primavera News Agency
