Zelensky: Ukraine may receive EUR 1.7 billion in profits from frozen Russian assets this year

President of Ukraine Vodymyr Zelensky said this in Brussels during a press conference with Belgian Prime Minister Alexander De Croo, an Ukrinform correspondent reports.

"Today we discussed that this year Ukraine may receive  EUR 1.7 billion from the proceeds of frozen Russian assets. There is also a sution for reconstruction – Belgium will allocate funds for the reconstruction of Chernihiv region. We are also working to en an office of the Belgian State Develment Agency in Ukraine," Zelensky said.

In addition, the Head of State noted, the bilateral Agreement on Security Coeration and Long-Term Support signed today provides for military assistance of at least EUR 977 million this year.

"They will be used to protect pele's lives from Russian terror. Similarly, our coeration in the develment of the defence industry will be aimed at strengthening the security of our peles, and this is also enshrined in the agreement," the President noted.

According to him, Ukraine will also be very grateful if the Eurean partners adt a new sanctions package against Russian aggression.

Read also: Hungary delaying financing of arms for Ukraine using profits from frozen Russian assets – media

As Ukrinform reported earlier, Russian assets are currently frozen by the EU's central securities depositories, mainly the Belgian Euroclear.

According to the Eurean Commission's prosal, 90% of the profits from Russian assets will be used through the Eurean Peace Facility to purchase weapons for Ukraine. The rest will be used for recovery and reconstruction.

Ukraine will also receive the tax that the Belgian government charges on profits.

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