EU Plans €1.5 Billion Monthly Aid to Ukraine

The European Union has announced plans to provide Ukraine with €1.5 billion monthly starting in January 2025, funded by proceeds from frozen Russian assets. During a press conference, European Council President António Costa confirmed that an additional €4.2 billion will be allocated to Ukraine's budget this month. These funds may be used for military purposes, as the EU prepares a 15th package of sanctions against Russia. Ukrainian President Volodymyr Zelenskyy emphasized the importance of these negotiations for Ukraine's integration into the EU and NATO. The first tranche from the frozen assets may be available by July 2024, contingent on EU leadership agreements, while ongoing disputes regarding asset management persist. The Norwegian Parliament is also extending its Ukraine support program, pledging at least NRK 35 billion in aid for next year.