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France to Use Frozen Russian Assets to Fund Military Aid for Ukraine

France has decided to use interest earned from frozen Russian assets to provide additional military aid to Ukraine. While this move reinforces European support for Kyiv, it has drawn criticism from Russia, which demands the return of its assets. The decision also highlights France’s broader concerns about security in Europe and the unpredictability of its international partners.

French Defense Minister Sébastien Lecornu said Paris would provide the Ukrainian army with older French army equipment, such as AMX-10RC tanks. | Joel Saget/AFP via Getty Images

New Military Aid Package Announced

French Defense Minister Sébastien Lecornu announced that France will allocate €195 million in additional military aid to Ukraine. This funding comes from the interest earned on frozen Russian assets and will be used to supply Ukraine with 155-mm shells and AASM glide bombs for its Mirage 2000 fighter jets.

Old Equipment to Be Sent to Ukraine

France will also send older military equipment, including AMX-10RC tanks and armored vehicles, from the French army’s existing stockpile. Lecornu emphasized that this assistance is part of France’s ongoing support for Ukraine in its fight against Russia.

Russia’s Response

Following Lecornu’s announcement, Russian parliament speaker Vyacheslav Volodin condemned the move, calling it “theft” and warning that France would have to return the assets in the future. Moscow has consistently opposed Western efforts to repurpose frozen Russian funds for Ukraine.

G7’s Previous Agreement on Russian Assets

Last year, the G7 countries agreed to use profits from frozen Russian state assets to provide Ukraine with a $50 billion aid package. This latest move by France aligns with that broader Western strategy, ensuring continued support for Kyiv.

France’s View on European Security

Lecornu also addressed broader European security concerns, stating that while he does not believe a third world war is imminent, Europe must strengthen its defense efforts. He acknowledged the unpredictability of the United States as a partner, suggesting that Europe should take greater responsibility for its own security.

What’s Next?

  • France’s latest military aid package will add to growing Western support for Ukraine.
  • Russia is expected to continue pushing for the return of its frozen assets, increasing diplomatic tensions.
  • The broader discussion on European security and defense cooperation is likely to intensify.

The impact of these measures will unfold in the coming months as the war in Ukraine continues.

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