Around 90% of the revenue from frozen russian assets will be used to procure and supply Ukraine with necessary weapons. This was stated by EU High Representative for Foreign Affairs and Security Policy Josep Borrell in Brussels, according to Liga.net.
"90% of the proceeds from frozen russian assets will be allocated to the European Peace Facility. They will then be directed towards directly supplying Ukraine with necessary weapons and military equipment", - he assured.
Borrell noted that €6.6 billion could potentially be mobilized, but this requires the adoption of seven legal acts. This has been hindered by disagreements among EU members.
The decision to allocate these funds must be voted on unanimously, which "has not been achieved for months", he acknowledged.
The delay in making this decision "is measured in human lives, damaged civilian infrastructure, and battlefield issues in Ukraine", Borrell concluded.