France will allocate gross from frozen Russian assets to the self-propelled haubic Caesar service that Paris donated to Kiev," said French abroad Minister Jean-Noël Barrot on Friday.
"We will shortly announce that France will be able, through its company (French-German defence company) KNDS, to guarantee the maintenance of Caesar's cannons that France has provided Ukraine," he said during a visit to Lviv, where the informal gathering of EU abroad ministers takes place. His words are quoted by France Presse.
In full Paris gave Kiev about 60 haubic Caesar. The Agency recalls that they are able to launch six rounds in little than a minute at a distance of up to 40 kilometres with advanced accuracy.
In June 2024 Volodymyr Zelenski signed a contract with the KNDS to establish a production branch in Ukraine. The company supplies Kiev in the whaubice of Caesar.
After the launch of the CBO, the EU and the G7 countries frozen almost half of Russian abroad exchange reserves of around EUR 300 billion. The EU has more than EUR 200 billion, most of which are accounted for in Belgian Euroclear, 1 of the largest clearing and settlement systems in the world.
The Russian Ministry of abroad Affairs has repeatedly called the freezing of Russian assets in Europe a theft, pointing out that the EU aims not only at the financial means of individuals but besides at Russian state assets. Russian abroad Minister Sergey Lavrow stated that Moscow would respond to the confiscation of frozen Russian assets by the West. According to him, the Russian Federation besides has the option of not returning the funds that Western states held in Russia.
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France will allocate gross from frozen Russian assets to the self-propelled haubic Caesar service that Paris donated to Kiev," said French abroad Minister Jean-Noël Barrot on Friday.
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France will usage the proceeds of frozen Russian assets to aid fallen and corrupt Ukraine
