Headlines
France to tap Russian assets for 195 million euros this year, minister says
Published by Global Banking and Finance Review
Posted on March 9, 2025
1 min readLast updated: January 25, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on March 9, 2025
1 min readLast updated: January 25, 2026
France plans to use interest from frozen Russian assets to fund 195 million euros in arms for Ukraine, including artillery shells and bombs.
PARIS (Reuters) - France will use interest from Russian assets to fund another 195 million euros ($211 million) in arms for Ukraine, Armed Forces Minister Sebastien Lecournu 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, Lecournu told La Tribune weekend newspaper.
"Thanks to interest from frozen Russian assets, we will also tap new funds worth 195 million euros," Lecournu 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.
($1 = 0.9232 euros)
(Reporting by Leigh Thomas; Editing by Tomasz Janowski)
France will use interest from frozen Russian assets to fund 195 million euros in arms for Ukraine.
France plans to hand over older armoured fighting vehicles, including AMX-10RC and personnel carriers.
The funds will be allocated for 155-mm artillery shells and glide bombs for Mirage aircraft.
The Group of Seven powers agreed to provide Ukraine with $50 billion through bilateral loans, which can be repaid using profits from frozen Russian state assets.
Explore more articles in the Headlines category
