The Czech Republic has found a new way to support Ukraine by utilizing profits from the frozen assets of the Russian Central Bank in EU countries. The Czech Defense Ministry announced that they will be using these funds to supply Ukraine with much-needed large-caliber ammunition.
This decision was made after EU member states agreed in May 2024 to allocate the EUR 1.4 billion from frozen Russian assets for immediate military support for Ukraine. The Czech Defense Ministry will play a crucial role in facilitating the procurement process to meet Ukraine’s urgent military needs.
This initiative marks a significant commitment from the Czech Republic to support Ukraine during this critical time. The deliveries of ammunition financed by the frozen assets will begin in the coming months, providing vital assistance for Ukraine’s defense.
Back in early 2024, the Czech Republic led an initiative to search for ammunition in third countries and supply it to Ukraine using EU funds. This effort has garnered support from nearly 20 countries, with the first batches of ammunition already reaching Ukraine in June.
This collaboration highlights the international solidarity in helping Ukraine defend itself, with the Czech Republic playing a key role in providing much-needed support.
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