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The EU will allocate 3 billion euros to Ukraine from frozen Russian assets

The European Union (EU) has approved using proceeds from the Russian Central Bank's frozen assets to help Ukraine. Thanks to that, Kyiv will receive only 3 billion euros in 2024. 90% of that amount will go to support the Ukrainian armed forces, announced the Minister of Foreign Affairs of the Czech Republic, Jan Lipavsky. Russian assets are expected to bring about 5 billion euros in annual profit, and Ukraine will receive aid twice a year.