The U.K. has used interest generated from frozen Russian assets to purchase weapons for Ukraine, buying 350 air defense missiles worth £70 million ($87 million), The Guardian reported on June 25. The move represents the U.K.’s first direct use of Russia-linked funds to buy weaponry for Kyiv. The weapons purchase was funded through Britain’s Extraordinary […]
Tag: proceeds
Finland to send ammunition to Ukraine using proceeds from frozen Russian assets
Finland will supply heavy ammunition to Ukraine using proceeds from frozen Russian assets, the country’s Ministry of Defence said on May 19. The move is part of a broader European Union initiative to channel profits from immobilized Russian assets into support for Ukraine’s defense. Finland has reached an agreement with the European Commission to implement […]
Pope Francis continues to rest in hospital as Vatican’s Holy Year proceeds without him
Pope Francis remained in the hospital on Saturday recovering from double pneumonia as the Vatican’s Holy Year proceeded without him. “The night passed quietly, the pope is resting,” the Vatican said Saturday morning. Three weeks have now passed since Francis, 88, was admitted to Rome’s Gemelli Hospital on Feb. 14 after a week-long bout of […]
Ukraine mulls buying Italian air defenses with frozen Russian assets’ proceeds
Kyiv and Rome are discussing the possibility of purchasing Italian-made air defense systems and ammunition using profits from immobilized Russian assets, the Ukrainian Defense Ministry said on Jan. 11. “We are interested, among other things, in ammunition of various calibers and air defense systems,” Ukrainian Deputy Defense Minister Anatolii Klochko said after talks with Italian […]



