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[POLITICS] · Ukraine, Russia · 25 sources

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European Union transfers €1.4 billion to Ukraine from frozen Russian assets

The European Commission announced that the EU will channel an additional €1.4 billion to Ukraine, drawn from interest earned on Russian Central Bank assets that have been immobilised under EU sanctions since Russia’s invasion of Ukraine. The profits from the frozen assets total €8 billion, and this payment is the fifth transfer of its kind, covering interest accrued in the first half of 2026. 95 % of the funds will be allocated through the Ukraine Loan Cooperation Mechanism to help Kyiv repay EU and G‑7 loans, while the remaining 5 % will go to the European Peace Facility for urgent military and defence needs. Commission President Ursula von der Leyen said “Russia must pay for the destruction it has caused” and stressed that the proceeds from the immobilised assets are being used to ensure that outcome. The assets themselves remain frozen; only the interest generated is being redirected. The announcement follows a recent wave of Russian attacks on Kyiv that killed at least 17 people and injured around 50.

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European Commission · European Peace Facility · European Union · Russia · Russian Central Bank · Ukraine · Ursula von der Leyen

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about 2 months ago