20.08.2024 13:33
The Czech Republic has acquired another important source of funds, which it will use to finance the supply of much-needed large-caliber ammunition for Ukraine — profits from the assets of the Russian Central Bank frozen in the EU countries.
That is according to the Czech Defense Ministry, Ukrinform reports.
“Thanks to the use of revenues from frozen Russian finances, released by the European Union, we will be able to supply Ukraine with several hundred thousand pieces of large-caliber ammunition,” Czech Defense Minister Jana Cernochova said.
According to the ministry, EU member states decided in May 2024 that the proceeds from frozen Russian assets will be used precisely for immediate military support for Ukraine. The total amount of these funds is EUR 1.4 billion, and the Czech Defense Ministry will be able to use part of them. This is a unique opportunity to quickly and effectively support Ukraine with funds that originally belonged to Russia.
“I am glad that the Czech Republic will participate in this new form of military support for Ukraine. This is another demonstration of the confidence of our foreign partners in the effectiveness of the Czech ammunition initiative. It was on the basis of the success of this initiative that the European Union approached us a few weeks ago to use the proceeds from frozen Russian assets to purchase ammunition for Ukraine,” Cernochova said.
The procedure will be similar to other cases from the so-called ammunition initiative. According to the requirements of the donor of the money – in this case the European Union – the Czech Defense Ministry will mediate the procurement of ammunition so as to fulfill the urgent military needs specified by the Ukrainian side.
The deliveries of ammunition financed from the proceeds of the frozen assets of the Russian Central Bank will take place in the coming months. This is therefore an important aid to the defense of Ukraine, which will soon be reflected directly on the battlefield.
In early 2024, the Czech Republic offered the initiative to search in third countries and supply ammunition to Ukraine using EU money. Almost 20 countries joined the initiative. The first batches of ammunition arrived in Ukraine in June.
Illustration photo
(c)UKRINFORM 2024
God bless the Czech. Still made how the smaller economy countries are showing their spine where the larger countries hide and quiver.
Ok there Cap and what is it about the larger countries not showing a spine here?
Germany, France, Uk Us are all spineless. Their imaginary escalation has cost us tens of thousands of death. How is that spineless
I understand from your perspective, the Ukrainian people have seriously suffered for generations.
The sad part about this is the reason in which NATO was formed. They are a defensive combination of countries who agreed to protect one another in case of attack. This is most likely why Russia hasn’t attacked the Baltic states. This would have indeed triggered a response from NATO and its allies starting WW3. The same thing with Ukraine.
Their view is to de-escalate wars not to start one. It’s a shitty situation you’re in without a doubt.
Should 2 other countries not affiliated with NATO war with one another , the U.S. doesn’t step in. If you recall the U.S. went to war with Iraq for one reason. They attacked first by hijacking commercial jets full of people and flying those planes into the Twin Towers. This was necessary to defend against future attacks. When the U.S. pulled out a few years ago, the decision of the countries future was placed upon the people to decide, not the U.S. deciding for them.
The U.S. has given as much as they can without getting directly involved. Ie troops on the ground. If I’m understanding your position , NATO should be sending in troops to defend?
How will Putin and his allies view this? would they come to Russias aid causing this war to spill into other countries? It’s a tricky situation, how do you defeat Russia and not trigger a larger scaled war.
War isn’t as simple as rolling in tanks and blowing everything up, it’s political and
Economical. Had Ukraine been an NATO member this would not have happened.
I really hope Ukraine wins this war , Russia and China have been a problem to other countries enforcing their will upon others for centuries.