EU to use €1.4 billion from interest on frozen Russian assets to help Ukraine
The fifth transfer of its kind will send 95% to loan support and 5% to military aid, the European Commission said.
- On Wednesday, the European Commission announced €1.4 billion in funding for Ukraine derived from windfall profits on frozen Russian Central Bank assets to support resistance against the ongoing invasion.
- The EU has frozen roughly €210 billion in Russian Central Bank reserves since 2022, which have generated €8 billion in total windfall profits held by Central Securities Depositories.
- Financial support accounts for 95%, or €1.33 billion, channeled through the Ukraine Loan Cooperation Mechanism, while €70 million finances military assistance via the European Peace Facility.
- Following attacks in Kyiv, European Commission President Ursula announced the funding, condemning "horrible atrocities." Leyen stated Russia must pay for destruction, noting the funds support resistance against the invasion.
- Broader asset questions remain unresolved due to legal liability concerns from Brussels-based Euroclear, while Ukrainian President Volodymyr Zelensky urged partners to provide additional missile interceptors, adding "new steps are needed.
75 Articles
75 Articles
EU to transfer €1.4 billion to Ukraine from interest on frozen Russian assets
The European Union will transfer 1.4 billion euros to Ukraine, using income generated from frozen Russian assets. Ukrainian Prime Minister Serhii Koretskyi announced the move on Telegram. Koretskyi said the funds will be allocated to strengthening Ukraine’s defense and resilience. “The EU will allocate 1.4 billion euros to Ukraine from the revenues generated by frozen Russian assets. These funds will be used to reinforce our defenses and support…
The European Union has collected 1.4 billion euros from profits on the frozen assets of the Central Bank of Russia and will forward that money to Ukraine, the European Commission announced today.
EU hands Ukraine €1.4bn in interest from frozen Russian assets following deadly attack on Kyiv
The EU will use €1.4bn generated by the interest on the cash balances originating from immobilised assets of the Central Bank of Russia (CBR) to provide financial support for Ukraine. In a statement on Wednesday (5 August), the European Commission said that the interest had been accrued in the first six months of 2026 from some €210bn in Russian central bank reserves that were frozen by the EU after Moscow’s full-scale invasion in 2022 and are…
(Brussels=Yonhap News) Correspondent Hyun Yun-kyung = The European Union (EU) [is] seeking 1.4 billion euros (approximately 2.3 trillion won) in proceeds from frozen assets of the Russian Central Bank within the bloc... in Ukraine...
Since Ukraine's full invasion, the EU has imposed sanctions on Kremlin chief Vladimir Putin's Russia. Money has been set to benefit Kyyiv's interest income.
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