-7.5 C
Ottawa
Friday, March 6, 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

Trump Touts Swift Progress in Operation Against Iran, Says Cuba Also on His To-Do List

‘They want to make a deal so badly,’ Trump...

Nearly 20,000 Americans Have Safely Returned Home From the Middle East: State Department

Smoke rises from a reported Iranian strike in the...

US, Venezuela Agree to Resume Diplomatic Relations After 7-Year Pause

The U.S. Embassy in Caracas, Venezuela, on Jan. 9,...

US Issues India 30-Day Waiver to Buy Russian Oil Amid Iran Conflict

India has been one of Russia’s largest crude oil...