Commodities and Futures News
EU to send 160 million euros from frozen Russian assets to Ukraine
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.
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.
