EU plans to use frozen Russian assets to aid Ukraine with only an interest of 3 billion yuan per year

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According to Agence France-Presse reported in Brussels on March 21, European leaders meeting in Brussels on the 21st decided to move forward and adopt a plan to use the proceeds of Russian frozen assets in the EU to arm Ukraine.

The EU’s High Representative for Foreign Affairs and Security Policy, Josep Borrelli, pointed out that the interest on these assets is between 2.5 billion and 3 billion euros per year.

Reported that European Council President Charles Michel said at a press conference held on the evening of the 21st: We are determined to take quick action so that part of this money can be used to support Ukraine.

Ukraine President Zelensky told leaders of the 27 European Union via video link that it is crucial for the EU to provide more ammunition to the Ukraine army.

He urged: Please strengthen the (Ukraine) defense industry as soon as possible and do not waste time.

According to a report by the Russian news agency Moscow on March 21, Russian Presidential Press Secretary Peskov said that Russia will use all judicial mechanisms and choose other means to retaliate against the EU to prevent the EU from using frozen Russian assets to aid Ukraine.

Peskov said in response to reporters: Of course, we will make use of all possible legal mechanisms, those that are currently available and that we will use when they arise in the future. Of course, on the basis of mutual visits, we will not copy it completely, but choose other means to retaliate to the extent that is in line with our interests. (Compiled by Zhao Kexin and Li Ran)