-5.6 C
Ottawa
Sunday, January 18, 2026

Russian Frozen Assets Loan to Ukraine Would Fund Defense Industry: EU Chief

Date:

Russian Frozen Assets Loan to Ukraine Would Fund Defense Industry: EU Chief

European Commission President Ursula von der Leyen addresses the audience during the conference “One Year After the Draghi Report” at the EU Charlemagne building in Brussels, Belgium, on Sept. 16, 2025. Omar Havana/Getty Images

A European Union loan to Ukraine paid out of frozen Russian assets would be used to fund the bloc’s defense industry, European Commission President Ursula von der Leyen said on Sept. 30.

Speaking alongside NATO Secretary General Mark Rutte in Brussels, von der Leyen said that though economic sanctions on Russia were working, a more “structural solution” for military support to Kyiv was necessary.

spot_imgspot_imgspot_img

Share post:

More like this
Related

EU Hosts Emergency Meeting in Response to Trumps Tariffs Over Greenland

Buildings in Nuuk, Greenland, on Jan. 14, 2026. Marko...

Indonesia Finds Wreckage of Missing Surveillance Plane, One Body

Debris of an ATR 42-500 turboprop airplane at Mount...

US Lawmakers Arrive in Denmark Amid Greenland Push

U.S. Senator Chris Coons (D-Del.) talks to journalists after...

Taiwan Seeks Arrest of Chinese Smartphone Maker OnePlus CEO Over Illegal Hires

Chief Executive Officer of OnePlus Pete Lau attends a...