On 23 April 2024, Josep Borrell Fontelles, High Representative of the Union for Foreign Affairs and Security Policy and Vice-President of the European Commission in charge of a stronger Europe in the World, attended a plenary session of the European Parliament (EP) in Strasbourg, France, on the use of Russian frozen assets to support Ukraine’s victory and reconstruction.
In addition to more weapons and ammunition, Ukraine also needs money to win the war against Russia. EU Leaders proposed to transfer some €3 billion in incomes from the excess profits from managing frozen Russian assets of 2024 to the European Peace Facility.
This video shows an opening statement given by Josep Borrell Fontelles on this occasion.