EU taps €1.4B windfall from frozen Russian assets to back Ukraine
TL;DR Summary
The European Commission announced €1.4 billion in funding for Ukraine drawn from profits on immobilised Russian assets. About €1.33 billion (95%) will be used to service loans via the Ukraine Loan Cooperation Mechanism under G7/EU initiatives, while €70 million will be allocated through the European Peace Facility to finance military assistance. The assets have generated roughly €8 billion in windfall profits. The move comes as Russia renewed attacks on Kyiv, which claimed casualties, prompting continued EU support for Ukraine.
- EU to release €1.4bn from Russian asset profits to Ukraine Euronews
- EU to use €1.4 billion from interest on frozen Russian assets to help Ukraine Reuters
- Council amends Ukraine Plan to reflect more than €8 billion in additional Ukraine Facility financing for 2026 consilium.europa.eu
- EU to provide Ukraine with €1.4bn in proceeds from frozen Russian assets in fifth tranche Yahoo
- EU to transfer €1.4B in profits from frozen Russian assets to Ukraine politico.eu
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