Zelenskyy: Separate financial mechanisms to use proceeds from frozen Russian assets will start working in January
President of Ukraine Volodymyr Zelenskyy has said that it has been politically ensured that funds from the frozen assets of the Russian Federation will start to really help Ukraine, and that certain financial mechanisms should start working in January.
According to Censor.NET, citing Interfax-Ukraine, Zelenskyy said this at a press conference following a meeting with the new President of the European Council, Antonio Costa, who is on a visit to Kyiv.
"Politically, everything is already in place for the funds from Russian assets to really help Ukraine, so in January, certain financial mechanisms should start working, and this is fundamental for Ukraine - Russian assets should work to protect against Russian aggression," Zelenskyy said.
The President noted that "regular tranches for the next year will significantly support financial stability in Ukraine."
In June, participants in the G7 summit in Italy reached a political agreement to use the proceeds of frozen Russian assets to help Ukraine. It was about providing Ukraine with $50 billion by the end of this year.
