The European Commission has announced a significant financial move aimed at bolstering Ukraine's defense efforts and reconstruction amid ongoing conflict. President Ursula von der Leyen revealed the transfer of €1.5 billion from immobilized Russian assets to a special peace fund. This fund will compensate EU nations for the military aid they have provided to Ukraine.
Von der Leyen emphasized the symbolic nature of using Kremlin funds to enhance security across Europe, stating, "There is no better symbol or use for the Kremlin’s money than to make Ukraine and all of Europe a safer place to live."
The funds will not go directly to Ukraine but will instead be channeled through the peace fund to ensure proper allocation and accountability.