EU Allocates €1.9 Billion from Frozen Russian Assets, Including €900M for Weapons and €1B for Drones and Missiles in Ukraine

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Updated May 12, 2025, 11:56 AM

The European Union has allocated €1.9 billion from the proceeds of frozen Russian assets to support Ukraine's defense industry. This funding includes €900 million for the immediate purchase of weapons and ammunition for Kyiv, and an additional €1 billion to enhance the production of drones and missiles within Ukraine, as announced by the European Commission.

The initiative is part of a broader EU effort to support Ukraine, with a total of €3.3 billion committed to the cause. Charles Fries, Deputy Secretary General of the EU External Action Service, confirmed that the first contracts for investments in Ukraine's defense sector have already been signed.

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Sources

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UKRAINE'S FOREIGN MINISTER SAYS NEW DEFENSE ASSISTANCE PACKAGES WERE DISCUSSED WITH ALLIES

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❗️🇪🇺EU to allocate €900 million from frozen 🇷🇺Russian assets for the purchase of weapons and ammunition for 🇺🇦Ukraine — EU External Action Service Deputy Secretary General Fries "In total, the EU has allocated €3.3 billion to support Ukraine and its defense industry," he said.

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The European Commission has already signed the first investment contracts in Ukraine's defense industry. The investment will amount to €1 billion, said Charles Fries, Deputy Secretary General of the EU Foreign Service: