EU to Send €1.6 Billion to Ukraine from Frozen Russian Assets
The European Union will allocate another €1.6 billion in aid to Ukraine, obtained from profits from Russian assets frozen in the EU.
The Gaze reports on it, referring to Ukrinform.
‘Last Friday, the European Union received €1.6 billion in so-called excess profits from interest on cash balances from immobilised assets of the Central Bank of Russia held in central securities depositories,’ the European Commission said in a press release.
The first such tranche was transferred in July 2024, the second in April 2025.
The third transfer includes funds accumulated during the first half of 2025.
‘These excess profits come from assets frozen under EU sanctions imposed in response to Russia's aggression against Ukraine. Although the assets themselves remain blocked, interest on cash balances can be used to support Ukraine,’ the European Commission said.
90% of the first two tranches were used to support Ukraine through the European Peace Facility (EPF), and 10% through the Ukraine Facility. Starting with this third tranche, 95% of the funds will be used to support Ukraine through the Ukraine Loan Cooperation Mechanism (ULCM), and 5% through the EPF.
The ULCM provides non-repayable support to Ukraine in repaying the EU's macro-financial assistance loan, as well as loans from bilateral creditors under this mechanism. The total credit support under the mechanism amounts to €45 billion. In addition, the EPF helps Ukraine meet its urgent military and defence needs.
This step is part of the EU's ongoing commitment to support Ukraine for as long as necessary.
Read more: A Realistic Model For The Use of Frozen Russian Assets