Ukraine Justice Minister: €3 Billion from Frozen Russian Assets “Almost Nothing” for War Needs

In a candid assessment, Ukraine’s Justice Minister Denys Maliuska expressed skepticism about the EU’s plan to allocate €3 billion annually from frozen Russian assets for Ukraine’s war efforts. Maliuska highlighted the significant shortfall in funding compared to the country’s pressing needs amid the ongoing conflict with Russia.

Concerns Over Funding Adequacy

While the EU’s decision to utilize profits from frozen Russian assets to purchase weapons for Ukraine was hailed as a positive step, Maliuska emphasized that €3 billion falls far short of the resources required to address the extensive military and non-military needs arising from the war. He underscored the necessity for hundreds of billions to achieve victory.

Limited Impact of Current Funds

Despite recognizing the €3 billion allocation as a positive initial measure, Maliuska cautioned that the amount pales in comparison to the scale of Ukraine’s challenges. The country continues to grapple with shortages of ammunition and other essential resources crucial for its defense against Russian aggression.

Call for Full Confiscation of Russian Assets

Maliuska reiterated Ukraine’s call for full confiscation of Russian assets, asserting that such action is not only justified but also imperative for resolving the conflict decisively. He emphasized the importance of leveraging all available legal means to hold Russia accountable and secure the necessary resources for Ukraine’s defense.

Long-Term Funding Commitments

While acknowledging the EU’s efforts to support Ukraine, Maliuska stressed the need for sustained, long-term funding commitments to address the country’s reconstruction and security needs effectively. He cited the €50 billion support package agreed upon by EU leaders as a positive step towards providing predictable funding for Ukraine’s ongoing challenges.

Conclusion:
In the face of ongoing hostilities with Russia, Ukraine’s Justice Minister Denys Maliuska has voiced concerns over the adequacy of financial support from frozen Russian assets. While welcoming the EU’s initiatives, Maliuska emphasized the urgent need for substantial resources to address the country’s pressing war needs and ensure its long-term security and stability.