EU Allocates Over €1.5 Billion from Frozen Russian Assets to Support Ukraine
The European Union has completed its third transfer of emergency revenues amounting to €1.6 billion, derived from frozen assets of the Central Bank of Russia.
These funds, frozen under sanctions imposed due to Russia’s invasion of Ukraine, are kept in European securities depositories.
According to EU officials, 95% of this amount will be directed toward supporting Ukraine, particularly for debt repayments and aid through EU mechanisms.
This is the third installment from assets belonging to Russia, contributing significantly to stabilizing Ukraine’s financial situation amid ongoing conflict and economic challenges.
The previous two transfers, totaling €1 billion in July 2024 and another €1.6 billion in April 2025, laid the groundwork for ongoing financial assistance.
The current transfer, part of a broader mechanism, will see 90% channeled via the EU Peace Fund, with the remaining 10% through the Ukraine Facility.
Starting from this third tranche, 95% of the proceeds will support Ukraine through the Credit Cooperation Mechanism (ULCM), which helps Ukraine repay macro-financial assistance and bilateral loans, while 5% will be directed through the EU support instruments.
Although these assets remain frozen under EU sanctions, their accrued interest and dividends are being used to aid Ukraine’s economic stability.
These financial flows are pivotal in helping Kyiv manage its debt obligations and stabilize the economy during wartime.
Additionally, under the G7-led ERA initiative, Ukraine has already received over €1 billion in July 2025 and June 2025 from confisticated Russian assets, highlighting the global community’s ongoing commitment to supporting Ukraine’s resilience against aggression.