The EU’s foreign policy chief, Josep Borrell, has said he will propose the EU use 90% of revenue from Russian assets frozen in Europe to buy arms for Ukraine via the European Peace Facility fund.
Borrell said he would propose the remaining 10% be transferred to the EU budget, to be used to boost the capacity of the Ukrainian defence industry.
The proposals will be submitted to EU member states on Wednesday, ahead of a summit of EU leaders on Thursday and Friday.