The European Commission announces that €1.4 billion will be released to Ukraine from profits generated by frozen Russian assets. European Commission President Ursula von der Leyen links the decision to Russia’s deadly strikes on Kyiv, and says the payment is intended to support Ukraine following the attacks. The announcement follows a broader EU policy of using income from immobilised Russian assets to both help Ukraine and address related public financing needs. According to von der Leyen, most of the released funds will go toward repaying loans issued by the G7 and the EU, while a smaller portion is earmarked for direct military support for Ukraine. Euronews and the Kyiv Post both report the same overall amount and frame the move as part of efforts to ensure Moscow bears costs for its war. The Kyiv Post additionally quotes von der Leyen condemning the attack as atrocities, while also stating the €1.4 billion payment is another tranche of support derived from frozen asset profits.
EU releases €1.4 billion from frozen Russian asset profits for Ukraine after Kyiv attacks
The European Commission announces that €1.4 billion will be released to Ukraine from profits generated by frozen Russian assets. European Commission President Ursula von der Leyen links the decision t...
- The EU releases €1.4 billion to Ukraine from profits generated by frozen Russian assets.
- European Commission President Ursula von der Leyen announces the funding after Russia’s deadly strikes on Kyiv.
- Most of the €1.4 billion is used to repay G7 and EU loans related to the broader support effort.
- €70 million is earmarked for military assistance to Ukraine.
- The decision is presented by EU officials as part of making Russia pay for its war and supporting Ukraine’s defense.
European Commission President Ursula von der Leyen announced that €1.4 billion in profits from immobilised Russian assets will be allocated after Russia’s deadly strikes on Kyiv. Most of the funds will be used to repay G7 and EU loans while €70 million will be directed toward military assistance.
3 hours agoEU chief Ursula von der Leyen condemned Russia’s latest deadly attack on Kyiv and said Ukraine will receive another €1.4 billion in profits generated from frozen Russian assets. The funds are part of a broader EU effort to make Moscow pay for its war and support Ukraine’s defense.
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