European Union diplomats in Brussels reached a consensus Wednesday to deploy frozen Russian state assets to assist Ukraine in its defense against Russia’s ongoing invasion, Axios reported.

Since February 2022, the West has frozen about $300 billion in sovereign Russian assets.

Ukraine, now in its third year of defending against Russia’s military superiority, is in dire need of additional financial and military support, with delays in U.S. aid having exacerbated ammunition shortages.

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