ČRo Radiožurnál | Use of Russian assets under the European Peace Facility

The European Commission has proposed how to make use of frozen Russian assets in Europe after the start of the Russian invasion of Ukraine. Up to ninety percent of the assets would be used to buy weapons for Ukraine under the so-called European Peace Facility. The remaining 10% would be transferred to the EU budget and used for the recovery and reconstruction of Ukraine. The proposal still needs to be unanimously approved by EU foreign ministers. Martin Vokálek, Executive Director of EUROPEUM Institute, commented on what this proposal will mean for Ukraine and the European Union for Czech Radio Radiožurnál.

The European Peace Facility was created alongside the European budget for 2021-2027, with the aim of supporting the security of European states, as well as EU partner states, contributing to their defence activities and strengthening and maintaining peace in and around Europe.

You can listen to the full commentary here from 17. minute onwards.

Martin Vokálek
Executive Director

Expertise: Economic issues, European security and NATO, war crimes and international law problematic