Joe Biden and Emmanuel Macron Support the Use of Frozen Russian Assets to Aid Ukraine

US President Joe Biden and French President Emmanuel Macron endorsed the use of seized Russian assets to aid Ukraine, as indicated in a collaborative declaration released on the White House’s official website, released after their meeting in Paris.

This meeting followed the commemoration of the 80th anniversary of the Normandy landings. The statement highlights discussions between the presidents on enhancing support for Ukraine.

“The Presidents commit to support efforts within the European Union and by the G7 to bring forward the extraordinary profits from the immobilized Russian sovereign assets for the benefit of Ukraine, consistent with international law and our respective legal systems and decision-making processes,” the website states White House.

The statement underscores the broader implications for Euro-Atlantic security posed by the ongoing conflict. As co-chairs of the artillery coalition within the Contact Group on the Defense of Ukraine, France, and the United States are committed to implementing new measures to offer Ukraine essential support both in the immediate future and over the long term.

“France and the United States remain determined to dispel any false notion that time is on Russia’s side,” the statement declared.

Earlier, the Council of the European Union approved the use of revenues from the frozen assets of the Central Bank of Russia for the benefit of Ukraine.

European Commission expects to start using frozen Russian assets for Ukraine’s needs in July.