EU outlines plan to seize proceeds from frozen Russian assets and pass them on to kyiv. After Brussels' announcement, Russia threatened the EU with legal action.
Between 2.5 billion and 3 billion euros just for 2024: this is the European Commission's calculation of what immobilized Russian assets could bring in. 90% of the seized revenue would be intended for the European Peace Facility (EFF), which finances arms purchases. The remaining 10% would be paid to the EU budget to “ strengthen the capabilities of the Ukrainian defense industry”