EU use of immobilised Russian assets for Ukraine support
The developments in this story so far, most recent first.
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· date approximate Development
EU releases €1.4 Billion to Ukraine from frozen Russian asset profits after Kyiv attacks
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Development
EU receives €1.4 billion from immobilised Russian assets for Ukraine support
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· date approximate Background
Financial institutions holding immobilized Russian assets have been required to ring-fence the extraordinary profits they generate.
Since 2024, financial institutions that hold immobilized Russian assets have been required to ring-fence the extraordinary profits those assets generate.
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· date approximate Background
The EU froze over €210 billion in Russian central bank reserves following the full-scale invasion of Ukraine.
Following the full-scale invasion of Ukraine in 2022, the European Union froze over €210 billion in reserves belonging to the Central Bank of Russia within EU member states.
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Date unknown Background
The €1.4 billion payment is the fifth transfer of its kind.
On August 3, 2026, the European Union received €1.4 billion in windfall profits generated by interest on cash balances from immobilized assets of the Central Bank of Russia. These revenues, which cover the first half of 2026, constitute the fifth transfer of its kind made from the proceeds of immobilized Russian assets.
European Commission President Ursula von der Leyen announced that these funds would be made available to support Ukraine's continued resistance against Russia. Of the latest €1.4 billion tranche, 95%—amounting to €1.33 billion—is to be channeled through the Ukraine Loan Cooperation Mechanism to assist in servicing loans extended to Ukraine under G7 and EU initiatives.