The funds were generated from interest accrued on cash balances held by Central Securities Depositories.
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The European Union received €1.4 billion in windfall profits on August 3, 2026. The funds were generated by interest on cash balances originating from immobilised assets of the Central Bank of Russia held by Central Securities Depositories.
The revenue is designated to be used for supporting Ukraine.
Windfall profits from interest on immobilised Russian Central Bank assets
The €1.4 billion transfer, representing the fifth payment from immobilized Russian asset revenues, covers amounts accumulated during the first half of 2026 and brings the total windfall profits generated since sanctions to €8 billion ($9.3 billion). Of these funds, 95% will be allocated through the Ukraine Loan Cooperation Mechanism (ULCM) for non-repayable support, while the remaining 5% is directed to the European Peace Facility (EPF) for military and defense needs. European Commission President Ursula von der Leyen emphasized that 'Russia must pay for the destruction it has caused' while making these additional resources available.
The €1.4 billion transfer, which represents the fifth payment from immobilized Russian assets and covers revenues from the first half of 2026, brings the total windfall profits generated since sanctions to €8 billion ($9.3 billion). Of these funds, 95% will be allocated through the Ukraine Loan Cooperation Mechanism (ULCM) for non-repayable support, while the remaining 5% will be directed to the European Peace Facility (EPF) for military and defense needs. European Commission President Ursula von der Leyen emphasized that 'Russia must pay for the destruction it has caused' while adding this further extra resource to Ukraine's use.
This fifth installment, which covers revenues accumulated during the first half of 2026, amounts to €1.4 billion ($1.6 billion) and brings the total windfall profits generated from immobilized Russian assets since sanctions began to €8 billion ($9.3 billion). According to the allocation plan, 95% of these proceeds will be distributed through the Ukraine Loan Cooperation Mechanism (ULCM) for non-repayable support, while the remaining 5% will be directed to the European Peace Facility (EPF) for military and defense needs. European Commission President Ursula von der Leyen emphasized that these assets are being used to ensure 'Russia must pay for the destruction it has caused.'
This transfer, which is the fifth payment made from immobilized Russian asset revenues, covers profits accumulated during the first half of 2026. Of the €1.4 billion, 95% will be allocated through the Ukraine Loan Cooperation Mechanism for loan repayments, while the remaining 5% will support military and defense needs via the European Peace Facility. To date, a total of €8 billion in windfall profits has been generated since sanctions were imposed.
