Zero Hedge
By Tyler Durden – February 27, 2022
Update (1750ET): There’s now an EU-wide consensus on supplying Ukraine with arms amid reports that large columns of ground and armored forces are moving closer to Kiev, and as fighting rages across other parts of Ukraine. “European Union member states on Sunday agreed to unblock 450 millions euros ($500 million) for members states to buy arms for Ukraine, the bloc’s foreign policy chief Josep Borrell said,” the AFP reports.
“The measure is part of a wide-ranging package of support and sanctions agreed by the 27 EU states. Borrell said they also formally approved a move to ban any transactions with the Russian Central Bank.” It comes as unconfirmed reports suggest Putin may be frustrated at the slower than expected progress of the Russian forces.