The French government has announced a new aid package of 195 million euros for Ukraine, derived from frozen Russian assets. A credit agreement worth 2.2 billion pounds supported by frozen Russian assets was signed between the UK and Ukraine.

French Defense Minister Sebastien Lecornu stated in an interview with the French newspaper Le Tribune Dimanche that this year, Ukraine will receive 195 million euros in aid through frozen Russian assets. He mentioned that this aid will be used to strengthen Ukraine’s defense, enabling the supply of tanks, armored vehicles, 155-millimeter artillery shells, and French-made AASM bombs. Lecornu also stated that national defense spending will increase. He indicated that French defense company Dassault Aviation will increase the monthly production of Rafale fighter jets from 2 to 4 to 5 starting in 2026. Lecornu reiterated President Emmanuel Macron’s statement that Russia poses a significant threat to European security. Additionally, a 2.2 billion pound credit agreement supported by frozen Russian assets was signed between the UK and Ukraine. FROZEN ASSETS OF RUSSIA

Since the start of the Russia-Ukraine War, Western countries have frozen approximately 300 billion dollars’ worth of Russian assets. Around 200 billion dollars of this amount is held in EU countries. These frozen assets generate billions of dollars in interest income annually. The G7 countries, especially the US, aim to use this income to support Ukraine.