European Council President Antonio Costa announced during his visit to Kyiv on December 1 that the EU will provide 1.5 billion euros in monthly assistance to Ukraine throughout the year starting in January, with the funds coming from frozen Russian assets.
Costa told a joint news conference with Ukrainian President Volodymyr Zelensky that the money came from proceeds from Russia’s frozen assets and could also be used for military purposes.
The news comes as preparations are underway for a new round of restrictions on Moscow.
We will also increase pressure on the Russian economy and further weaken Russia’s ability to wage war. We are preparing the 15th sanctions package against the Putin regime,” Costa said during his first official visit as Security Council president.
The visit, attended by High Representative Katja Karas and Enlargement Commissioner Marta Kos, coincides with the anniversary of Ukraine’s independence referendum. Costa stressed the EU’s commitment to Ukraine’s sovereignty and said “rewarding the aggressor would be a threat to the entire international community.”
Costa said that the EU will also provide Ukraine with an additional 4.2 billion euros in budget support this month.
Meanwhile, the European Parliament passed a resolution calling for the expansion of sanctions targeting Russia’s “sectors of special economic importance,” including the “metallurgical, nuclear, chemical, agricultural and banking sectors as well as Russian raw materials.”
The November 28 resolution stated that MEPs urged EU member states to further strengthen the sanctions regime against Iran, Belarus and North Korea for providing military support to Russia, and warned that China’s continued assistance “could seriously affect the EU’s bilateral relations with China” relation”.
Joint press conference with Ukrainian President Volodymyr Zelensky in Kyiv/?utm_source=bre vo&utm_campaign=AUTOMATED%20-%20Alert%20-%20Newsletter&utm_medium=email&utm_id=331 8
Electronics involved in China and North Korea
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