Commodities and Futures News

EU to send 160 million euros from frozen Russian assets to Ukraine

09/19/2024

Less than a minute

2024.09.19 05:49

BRUSSELS (Reuters) – The sum of 160 million euros from the proceeds of frozen Russian assets will be allocated to meet Ukraine’s urgent humanitarian needs for this winter, European Commission President Ursula von der Leyen said on Thursday.

© Reuters. FILE PHOTO: A man walks in a park overlooking Dnipro River on a sunny winter day in Kyiv, amid Russia’s attack on Ukraine, January 17, 2024. REUTERS/Thomas Peter/File Photo

She added that a fuel power plant is being dismantled in Lithuania and will be rebuilt in Ukraine, where 80% of the country’s thermal plants have been destroyed.

“We aim to restore 3.5 gw of capacity, which is 15% of Ukraine’s needs,” Von der Leyen said.

09/19/2024

Less than a minute

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