EU to transfer additional €2.1 billion in revenue from frozen Russian assets to Ukraine
Photo: Ursula von der Leyen, President of the European Commission (Getty Images)
Ukraine will receive an additional 2.1 billion euros in aid from the European Union. This money comes from the frozen assets of Russia, according to the European Commission's press service.
As noted by the European Commission (EC), this week the European Union requested 2.1 billion euros in revenue generated from the frozen assets of the Russian Central Bank. This is the second such tranche, with the first one provided in July 2024.
The EC reminded that the assets of the Russian Central Bank remain frozen, but the revenue they generate over time is being used to support Ukraine.
"The proceeds from this tranche will be channelled via the European Peace Facility, as agreed by the Council in 2024, and the Ukraine Facility to help strengthen Ukraine's defence capabilities and contribute to the country's recovery and reconstruction," said the European Commission's statement.
This measure is part of the EU's unwavering commitment to support Ukraine for as long as necessary.
At the same time, future tranches will primarily be provided to Ukraine to ensure the repayment of funds received under the G7 initiative for a $50 billion loan. Part of the funds will also continue to be channeled through the European Peace Facility.
EU aid to Ukraine
The European Union only approved the transfer of revenue from frozen Russian assets to Ukraine last year.
In particular, on April 9, it became known that Ukraine has received 1 billion euros from the EU in revenue from Russian assets. The funds are planned to be directed towards priority expenditures of the state budget.
