Europe to fund Ukraine weapons with profits from frozen Russian assets

FILE - Ukrainian marines check their French-made AMX-10 RC armored fighting vehicle at a position in the Donetsk region on July 10, 2023.

The European Union has agreed in principle to a deal that would use the proceeds from frozen Russian assets to supply weapons for Ukraine. The bloc said the first payments could be made by the summer, despite calls by Washington for its European allies to go much further and fully seize Russia’s billions for the benefit of Kyiv.