Revenue from frozen Russian assets to help finance Czech shells-for-Ukraine initiative

Part of the revenue from frozen Russian assets in the European Union will be spent on the purchase  of ammunition for Ukraine, within the Czech shells-for Ukraine initiative, Defence Minister Jana Černochová  announced on the X network on Tuesday. She said this would make it possible to buy hundreds of thousands of shells more, but did not specify the exact amount that Czechia would have at its disposal. The total amount of funds from frozen Russian assets in the EU is around 1.4 billion euros.

Czechia presented the proposal to purchase artillery ammunition for Ukraine from non-EU countries in February of this year. The idea won broad support and 18 EU and NATO member states have  contributed funds to the initiative. The first shipment of around 50,000 pieces of ammunition arrived in Ukraine in late June.