Czechia will use part of the revenue of Russian assets frozen in the EU to purchase high-caliber ammunition for Kyiv, Czech Defense Minister Jana Cernochova said on Aug. 20.
European countries hold roughly two-thirds of the
$300 billion Russian sovereign assets immobilized after the outbreak of the full-scale war.
While hesitant to confiscate the assets outright, the EU devised a plan to use
windfall profits to fund Ukraine's reconstruction and defense needs.