Ad
Finnish foreign minister Elina Valtonen (c) in Brussels on Monday (Photo: consilium.europa.eu)

EU ministers keen to use Russian profits for Ukraine ammo

The EU is nearing a deal on using profits from frozen Russian assets to buy ammunition for Ukraine, while preparing the next round of anti-Russia sanctions.

"I hope today we'll have political unanimity ... to take windfall profits, not capital but revenues, to increase our capacity to finance Ukrainian defence," said EU foreign affairs chief Josep Borrell in Brussels on Monday (18 March).

"I hope today an agreement will finally be reached," he added, speaking ahead of a monthly f...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here

Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Finnish foreign minister Elina Valtonen (c) in Brussels on Monday (Photo: consilium.europa.eu)

Tags

Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Ad

Related articles

Ad
Ad