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Politics : Formerly About Advanced Micro Devices
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From: Wharf Rat6/24/2024 6:53:05 PM
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EU backs Russian frozen asset plan to aid Ukraine, sparks Hungarian anger
By Andrew Gray
June 24, 20241:08 PM EDTUpdated 6 hours ago

June 24 (Reuters) - European Union governments agreed to use 1.4 billion euros ($1.50 billion) in profits from Russian frozen assets for arms and other aid to Ukraine, prompting Hungary to accuse fellow EU members of a "shameless" rule breach to bypass its objections.
EU members had already decided in May to use profits from the assets frozen in the EU to help Ukraine, with 90% of funds earmarked for military aid. But Hungary has been holding up approval of the necessary legal measures, diplomats say.

continues at reuters.com.
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