France will use EUR300 million in 2024 to purchase weapons for Ukraine, part of the EUR1.4 billion in proceeds from frozen Russian assets allocated by the European Union, the French Defense Ministry said.
“The European Commission has agreed with the Directorate General for Armaments that it will use these funds to quickly acquire priority equipment for Ukraine from the French industry, ammunition, artillery and air defense equipment from the French industry for a total of 300 million for 2024,” the ministry said in a communique published on Friday.
Earlier, EU Diplomacy Chief Josep Borrell said that the EU has already begun to transfer the proceeds of Russia’s frozen assets to the Ukrainian side and the bloc countries that will supply Kyiv with weapons.
