"If the Member States agree (it should be a unanimous decision on the suggestion of the Supreme Representative), we could use unpredictable profits from Russian frozen assets to purchase weapons for Ukraine and/or assist in strengthening its defense industry," Brelrel said. According to him, until now they considered the possibility of directing these funds to support the process of restoration of Ukraine.
"However, now the main issue in Ukraine is not so much restoration as preventing further destruction," said the head of EU diplomacy. He also noted that in the event of the consent of the European Union Member States, it would make sense to use these resources to provide additional military support to Ukraine through the European Peace Fund. "In the long run, we could also use these funds to support the Ukrainian defense-industrial base," Borrel stated.
The Ministry of Foreign Affairs of Ukraine said that the confiscation of Russian assets will begin in 2024. According to the head of the department Dmitry Kuleb, the decision on frozen assets of the enemy may be made in parts, not comprehensively, but the first results should be in the near future. At the same time, on February 6, 2024, it was reported that Europe is afraid that Moscow would decide to take revenge if in the West the confiscated assets of the Russian Federation to Ukraine.
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