European Security Policy – Update as of 24/05/2024

The files we follow:  European Neighbourhood Policy (Eastern Partnership), enlargement policy and European support for Ukraine; European Security Policy

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EU “principle” agreement: use frozen Russian assets to support Ukraine. At the centre stage of European debates for several months, the agreement “in principle” is officially adopted since Wednesday 8th May 2024. It consists in strengthening military aid to Ukraine, as well as promoting the reconstruction of the country, not with the treasury of the member countries, but with the profits of the 210 billion Russian assets frozen within the union.

The aim of this agreement, is to take advantage of the benefits generated by this 210 billion euros, in the ongoing objective of supporting Ukraine. The profits made on these fixed assets would represent up to 3 billion euros, and the first delivery of this aid could be scheduled from July 1st and intended “90% for the purchase of ammunition” according to Alexander De Croo, the Belgian Prime Minister.

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