12:28 17.10.2024

Zelenskyy to discuss with European leaders mechanism for allocating $35 bln to Ukraine using income from frozen Russian assets

2 min read
Zelenskyy to discuss with European leaders mechanism for allocating $35 bln to Ukraine using income from frozen Russian assets

Ukrainian President Volodymyr Zelenskyy intends to present to European leaders at a meeting of the European Council not only the Victory Plan, but also to discuss determining the correct mechanism for allocating $35 billion to Ukraine from income from frozen Russian assets within the G7 initiative.

"Thank you for the invitation and this possibility to join the Council and speak with the leaders. And, of course, for me, it is very important to share our victory plan with all the leaders who helped us with your leadership from the very beginning of full-scale war, and, maybe, with some notes that will be out the press," Zelenskyy told reporters before the start of the European Council meeting.

"And, of course, I want to speak about these $35 billion from $50 billion Russian assets, about the decision of the G7, and about finding the right mechanism to ensure that this money gets to us as quickly as possible," the president emphasized.

The head of the Ukrainian state told the head of the European Council Charles Michel that during the period without military support, Ukraine was greatly helped by domestic production of drones and electronic warfare systems.

"And we need money for this, and we really need some of this money from Russian assets to use for our domestic production," Zelenskyy emphasized.

He also reminded that winter is approaching, for which Ukraine needs to prepare.

"We have done many things. But we need urgent measures for air defense. I do not want to go into details now," the president added. 

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