
EU taps €1.4B windfall from frozen Russian assets to back Ukraine
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.













