RT reported that on Sept. 29, Ukrainian President Volodymyr Zelenskyy announced a new defense fund, whose funding will include seized Russian assets as one of its primary sources. He made the announcement as part of a presentation he gave on Friday at the first International Defense Industries forum in Kiev.
“‘The fund will be replenished with dividends from state defense assets and with profits from the sale of confiscated Russian assets,’ he stated, and added, “‘Our priority is the development of defense production using modern technologies, including the production of shells, missiles, and drones in Ukraine, in cooperation with global leaders in this field.’”
RT wrote: “The Ukrainian leader didn’t specify if he was talking about nearly $300 billion of Russia’s gold and forex reserves that have been frozen by the country’s Western backers, or about Russian-owned properties in Ukraine, seized after the launch of Moscow’s military operation in February 2022.
