OREANDA-NEWS  There are obstacles to the decision to use Russian assets to purchase weapons for Ukraine. This was stated by the head of EU diplomacy, Josep Borrel, at a press conference following a meeting of the EU Council in Brussels, as quoted by TASS.

The foreign ministers of 27 European countries failed to approve the provision of military assistance to Kiev at the expense of Russian funds. According to the diplomat, this issue was "politically coordinated" in the association, but the proposal to use 90 percent of the profits from assets frozen in European depositories for Ukraine's military needs encountered "some obstacles on the way to the necessary unanimity."

"We are accused of not fulfilling our obligations, but we have seven blocked decisions on five billion euros of aid," Borrel added.

As previously reported by Reuters, the G7 countries have made progress in negotiations on the use of profits from frozen Russian assets. In a joint statement, the G7 finance ministers noted that the funds of the Central Bank of the Russian Federation will be frozen until compensation is paid to Ukraine for the damage caused. Initially, it was expected that such a statement would be adopted without significant changes at a meeting of the G7 finance ministers in the Italian city of Stresa.

The EU has already approved the transfer of proceeds from the placement of frozen Russian funds to Kiev. At the same time, the United States insists that the money be provided in advance, secured by future income. According to various estimates, blocked funds can bring Ukraine up to five billion dollars a year.