Zelensky met with the leader of the European Central Bank

On Thursday, June 19, President Volodymyr Zelenskyy met with the head of the European Central Bank Christine Lagarde. Parties in particular discussed European integration Ukraine and prospects for the use of frozen Russian assets. In addition, it was about finding mechanisms to continue sanctions against such assets.

Zelensky reported this in Telegram. The President thanked the head of the ECB for budget support.

The head of state stressed that despite the war, the state not only provides the needs of the defense sector, but also pays salaries, pensions and social assistance to people. That is why it is very important that support from institutions such as the European Central Bank continued and gave Ukrainians the “normality of life, where possible”.

“The prospects for the use of frozen Russian assets for the needs of Ukraine, macro -financial stability, work with partners and European integration were discussed. I thanked for providing a loan within the ERA initiative from G7 for the amount of $ 50 billion this year. We make our coordination with European institutions.

It should be reminded that from the beginning of a full -scale invasion of Russia into Ukraine found frozen assets of the Bank of Russia for almost 280 billion euros. More than two thirds of them are in the European Union.

In particular, the Belgian company Eurocear holds about 200 billion euros belonging to the Russian Central Bank.

In July 2024, G7 and EU leaders agreed to use interest from frozen Russian assets to allocate $ 50 billion to Ukraine.

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