Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli media: Reports of two IOF soldiers killed in military vehicle explosion in Rafah.
Israeli media: Israeli soldier killed, another wounded in explosion in Rafah.
Medical sources in West Bank: Palestinian killed by occupation fire; wounded and left to bleed while ambulance crews were barred from reaching him in Al-Ain refugee camp, west of Nablus.
Hamas: Facts on ground reveal opposite of claims, as occupation authorities were ones who armed criminal gangs that practiced murder and kidnapping against people of Gaza.
Hamas: US Department of State's false claims fully in line with Israeli disinformation.
Hamas responds to US claims in statement, fully rejects US claims of "imminent attack" or violation of ceasefire.
Field sources in West Bank: Israeli bulldozers vandalize Palestinian lands northwest of Nablus.
Field sources in West Bank: Settlers attack Palestinian farmers harvesting olives in Nablus.
Field sources in West Bank: Armed Israeli settlers torch Palestinian vehicles near olive groves in Turmus Ayya north of Ramallah.
Israeli PM Office: Netanyahu has ordered that the Rafah crossing will not open until further notice.

EU to release 1.4Bn euros in military aid to Kiev from Russian assets

  • By Al Mayadeen English
  • Source: Agencies
  • 22 Jul 2024 23:59
  • 2 Shares
2 Min Read

The funds will be used by the EU to purchase essential military equipment for Ukraine, such as air defense systems and artillery ammunition, as well as to support procurement for the Ukrainian defense industry.

  • x
  • A member of protocol arranges the Ukrainian and EU flags during an EU summit at the European Council building in Brussels on Thursday, Feb. 9, 2023. (AP)
    A member of protocol arranges the Ukrainian and EU flags during an EU summit at the European Council building in Brussels on Thursday, February 9, 2023. (AP)

Following an EU Foreign Affairs ministerial meeting in Brussels on Monday, foreign policy chief Josep Borrell announced that the first installment of 1.4 billion euros ($1.5 billion) in military aid to Ukraine, funded by the profits from frozen Russian assets, will be disbursed in early August.

"On the windfall profits, I updated the ministers on the progress towards the first transfer of 1.4 billion [euros] expected to happen at the beginning of August, next week," Borrell told reporters.

He also stated that these funds will be used by the EU to purchase essential military equipment for Ukraine, such as air defense systems and artillery ammunition, as well as to support procurement for the Ukrainian defense industry.

"So we are not only going to provide military support to Ukraine, but from Ukraine itself," Borrell added.

Related News

Pete Hegseth's plan diverts to UK after onboard emergency

UK government passwords, NATO files leaked on darknet

On June 12, the G7 stated that Russia must bear responsibility for the damages inflicted on Ukraine, which have surpassed $486 billion. They agreed to provide Ukraine with $50 billion by utilizing frozen Russian assets by the end of the year.

Read more: Release of frozen Russian assets tied to Ukraine peace process: Meloni

On June 20, Russian Foreign Ministry spokesperson Maria Zakharova said that Russia possesses a "wide arsenal" of economic and political countermeasures if the West seizes its sovereign assets, including a tit-for-tat confiscation of Western assets in Russia.

Zakharova highlighted that Russia has a substantial amount of Western assets, including funds and property, under its governance, warning that they could all be subject to seizure as part of the Russian response. 

"All of it may be subject to Russian retaliatory policy and retaliatory actions. The arsenal of political and economic countermeasures is wide," she said, without revealing the nature of the possible retaliatory actions.

  • Nato
  • frozen assets
  • Ukraine
  • Josep Borrell
  • Russian assets
  • European Union
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

Iran strikes secret Israeli-US bunker under Tel Aviv high-rise

Tel Aviv high-rise struck by Iran hid Site 81, secret US-Israeli base

  • Politics
  • 14 Oct 2025
Palestinian journalist Saleh al-Jaafarawi in an undated image in Gaza, occupied Palestine (Social media)

Gaza Palestinian journalist Saleh al-Jafarawi killed by collaborators

  • Politics
  • 12 Oct 2025
drop site

New report details extensive Israeli arson in Gaza after ceasefire

  • Politics
  • 13 Oct 2025
Illustration of fists breaking shackles, representing the liberation of Palestinian detainees from Israeli prisons. (Illustrated by: AL Mayadeen English/Batoul Chamas)

4 prominent Palestinian detainees to be freed: Who are they?

  • Palestine
  • 13 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Iraqi religious leader Sheikh Jawad al-Khalisi on Al Mayadeen Plus, October 18, 2025 (Screengrab)
Politics

Most powerful decision-maker in Iraq is US: Sheikh Al-Khalisi

Flags of Iran, Russia, and China (IRNA)
Politics

Iran, Russia, China confirm: Iran nuclear issue out of UNSC

Member of the Loyalty to the Resistance bloc Ali Fayyad speaks to Al Mayadeen, October 18, 2025 (Screengrab)
Politics

Hezbollah, allies will reject direct talks with 'Israel': MP Fayyad

The bodies of killed Palestinians held by "Israel" during the war are downloaded from Red Cross vehicles after their release, at the Nasser Hospital in Khan Younis, southern Gaza Strip, Oct. 15, 2025. (AP)
Politics

From rubble to graveyards, Gaza continues recovering its martyrs

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS