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The European Union sends its first transfer of €1.5 billion (US$1.63 billion) in proceeds from frozen Russian

assets to Ukraine for military and infrastructure support. The Kremlin denounces the transfer as "illegal" under international law and pledges legal retaliation.

Published July 26, 2024· Updated October 28, 2026·1 min read

Context: China–India relations.

The European Union sends its first transfer of €1.5 billion (US$1.63 billion) in proceeds from frozen Russian assets to Ukraine for military and infrastructure support. The Kremlin denounces the transfer as "illegal" under international law and pledges legal retaliation.

Event summary via Wikipedia Current Events (2024-07-26).