PRAGUE: The Czech Republic will use some of the interest earned on Russian assets frozen in the European Union to buy more large-calibre ammunition for Ukraine, the Czech Defence Ministry said on Tuesday (Aug 20).
A Ukrainian serviceman of the 33rd Separate Mechanised Brigade attends a military drill near a frontline, amid Russia 's attack on Ukraine , in Donetsk region, Ukraine , on Jun 13, 2024. PRAGUE: The Czech Republic will use some of the interest earned on Russia n assets frozen in the European Union to buy more large-calibre ammunition for Ukraine , the Czech Defence Ministry said on Tuesday .
EU countries are taking the interest earned on the assets -which include bonds and other securities bought by the Russian central bank - and putting it into an EU fund to aid Ukraine as it fights the Russian invasion. The Czech Defence Ministry said some of that money would be used for an effort it has been leading to buy artillery ammunition for Ukraine around the world, funded by Western partners.
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