A two-day EU summit has begun in Brussels, where leaders will discuss continued support for Ukraine amid Russia’s ongoing aggression.
One of the key topics is a plan to use billions of euros from frozen Russian assets to purchase weapons for Kyiv. The European Commission proposes using 90% of proceeds from seized Russian funds, potentially up to €3 billion per year, to buy arms for Ukraine’s military.
“These should first of all be used to buy those weapons and ammunition that Ukraine needs to defend itself,” said German Chancellor Olaf Scholz, adding he was optimistic about the chances of leaders agreeing on the issue.
However, Hungary opposes this plan, likely preventing a decision at this summit, DW reports.
The 27 EU leaders will also discuss weapons supplies for Ukraine and boosting the bloc’s defense capabilities.
“It’s high time Europe took radical steps to be defense-ready and put its economy on a war footing,” European Council President Charles Michel stated.
Ukrainian President Zelenskyy will address the summit virtually.
EU expansion will be assessed, with Ukraine, Moldova and Bosnia-Herzegovina’s candidate status progress evaluated.
“It’s important to see that EU institutions are ready to start negotiations and to do it in June of this year – we should do it as soon as possible, and this is a matter of our credibility. Ukraine delivered, Ukraine implemented the necessary reforms under an extraordinarily difficult situation,” said Lithuania’s president, Gitanas Nausėda.
Agricultural matters are also on the agenda, including potentially extending duty-free imports of Ukrainian goods for another year. However, according to Politico, while key European institutions support this move, EU ambassadors failed to reach agreement on it ahead of the summit.
Read more:
- Politico: EU ambassadors stumble on Ukraine trade deal extension
- EU provisionally extend duty-free exports of Ukrainian agricultural products
- EU aims to send €3bn annually for Ukraine from frozen Russian assets profit
- EU aims to fast-track up to €3 billion for Ukraine from frozen Russian assets this July
- PM Shmyhal: Ukraine hopes to start EU membership talks in H1 2024
