The European Union will channel €1.4 billion in earnings from frozen assets of the Russian Central Bank to support Ukraine.
The European Commission announced that the funds represent accumulated interest from central security deposits for the second half of 2025 on the frozen assets of the Russian Central Bank (CBR).
These assets were frozen as part of the EU’s broad sanctions against Russia over its war in Ukraine. While the principal remains blocked, the interest generated is not considered Russian property.
Following a proposal from the European Commission, EU leaders decided that these revenues would be directed to Ukraine. About 95% of the funds will go to Ukraine through the Ukraine Loan Coordination Mechanism (ULCM), while 5% will be channeled via the European Peace Facility (EPF).
European Commission President Ursula von der Leyen stated: “This €1.4 billion will go where it is most needed: to keep the Ukrainian state functioning, maintain vital public services, and support Ukraine’s heroic armed forces. Our commitment to Ukraine’s victory and freedom is unwavering.”
EU Commissioner for the Economy Valdis Dombrovskis added: “By directing €1.4 billion in earnings from frozen Russian assets to Ukraine, Europe is turning sanctions against the Russian aggressor into concrete support for Ukraine. The money Russia collected for war is now going to Ukraine’s survival and recovery.”
