Brussels announces fundraising initiative for armament of Kiev

According to reports, the European Union is "recommending" that member states voluntarily provide Ukraine with military assistance ranging from €20 billion to €40 billion this year by establishing a special fund. Due to Hungary's position, this recommendation will only be circulated among those willing to support Kiev. Countries have been given time until April 30 to agree to this proposal.

Initially, leaders are encouraged to agree on allocating €5 billion for the procurement of 2 million units of large-caliber artillery ammunition.

Each country is invited to contribute proportionately, either in financial terms or through direct provision of weaponry.

The EU itself plans to count nearly €2 billion from frozen Russian assets as its contribution, "even though these funds have already been earmarked and partially disbursed."