EU to send 160 million euros from frozen Russian assets to Ukraine


  • World
  • Thursday, 19 Sep 2024

FILE PHOTO: A man walks in a park overlooking Dnipro River on a sunny winter day in Kyiv, amid Russia’s attack on Ukraine, January 17, 2024. REUTERS/Thomas Peter/File Photo

BRUSSELS (Reuters) - The sum of 160 million euros from the proceeds of frozen Russian assets will be allocated to meet Ukraine's urgent humanitarian needs for this winter, European Commission President Ursula von der Leyen said on Thursday.

She added that a fuel power plant is being dismantled in Lithuania and will be rebuilt in Ukraine, where 80% of the country's thermal plants have been destroyed.

"We aim to restore 3.5 gw of capacity, which is 15% of Ukraine's needs," Von der Leyen said.

(Reporting by Julia Payne, Writing by Charlotte Van Campenhout, Editing by Philippa Fletcher)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Australia leader defends social media ban as teens brag about staying online
Venezuela accuses US of 'blatant theft' after tanker seized in Caribbean
Russian air defences shoot down 15 Moscow-bound drones in the evening, mayor says
US to host meeting of G20 officials without South Africa's participation, sources say
Swiss singers hope UN will put yodelling on cultural heritage list
Thailand-Cambodia fighting rages on as Trump signals intent to intervene
Infant botulism cases rise to 51 in U.S.
2nd LD: U.S. Fed cuts interest rate by 25 basis points
Trump says he is scheduling a phone call for Thursday with Thailand, Cambodia amid conflict
Bank of Canada holds key interest rate at 2.25 pct

Others Also Read