EuropeWar in Ukraine

France to tap Russian assets for €195m million euros this year

France will use interest from Russian assets to fund another €195 million in arms for Ukraine, Armed Forces Minister Sebastien Lecornu said a newspaper interview.

France also plans to hand over some of its older armoured fighting vehicles, such as its AMX-10RC and personnel carriers, Lecornu told weekend newspaper La Tribune.

“Thanks to interest from frozen Russian assets, we will also tap new funds worth €195m,” Lecornu said, adding that it would be used for 155-mm artillery shells and glide bombs for Mirage 2000 fighter jets France has given Ukraine.

The Group of Seven powers agreed last year to provide Ukraine with $50 billion via a series of bilateral loans that Kyiv could pay off using windfall profits from $300 billion of frozen Russian state assets.

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