EU receives €1.6 billion for Ukraine from frozen Russian assets
Photo: Ursula von der Leyen, President of the European Commission (Getty Images)
The European Union will provide Ukraine with an additional 1.6 billion euros. The funds were generated from the proceeds of frozen Russian assets, according to the European Commission’s press service.
"Last Friday (August 8 – ed.), the European Union received €1.6 billion in so-called windfall profits generated by the interest on the cash balances originating from immobilised assets of the Russian Central Bank, held by central securities depositories," the European Commission said.
They clarified that this is already the third such tranche. The first was transferred in July 2024, and the second in April 2025.
The new tranche covers the profits from frozen Russian assets that were accumulated in the first half of 2025.
The EC specified that 90% of the first two tranches were directed to Ukraine through the European Peace Facility (EPF), and 10% via the Ukraine Facility. Starting from the third tranche, 95% of the funds will be allocated to support Ukraine through the Ukraine Loan Coordination Mechanism (ULCM), and 5% through the EPF.
Frozen Russian assets
Western countries have not yet agreed to confiscate frozen Russian assets in favor of Ukraine. They are providing Ukraine only with the income generated from such assets.
On July 10, it was reported that 1 billion euros from Russian assets had been transferred to Ukraine’s state budget.
