European Commission to Channel a Further €1.4 Billion from Frozen Russian Assets to Fund Ukraine’s Urgent Military Needs
The EU has received a further €1.4 billion in revenues from the frozen assets of Russia's Central Bank. The funds will go towards supporting Ukraine.
This was reported by the Verkhovna Rada of Ukraine and the European Commission’s website.
According to the European Commission, this is the fifth tranche of revenues from immobilised Russian assets.
It covers the profits generated in the first half of 2026. In total, since Russian assets were frozen, they have yielded €8 billion in revenues.
President of the European Commission Ursula von der Leyen stressed that Russia must pay for the destruction it has inflicted on Ukraine.
“Russia must pay for the destruction it has caused. That is why we are using the revenues from frozen Russian assets. We are providing Ukraine with a further €1.4 billion, which will help it continue to resist Russia’s illegal war,” she said.
The funds are generated by the interest accrued on the assets of Russia’s Central Bank, which were frozen under EU sanctions after the start of the full-scale aggression against Ukraine.
The assets themselves remain blocked, but, under a decision of the Council of the EU, the revenues they generate are used to support Ukraine.
Ninety-five per cent of the funds received will be channelled through the Ukraine Loan Cooperation Mechanism (ULCM). This mechanism provides non-repayable financing to service the EU’s macro-financial assistance, as well as the loans extended by the G7 countries under the Extraordinary Revenue Acceleration (ERA) initiative.
The total volume of financing under the ERA programme amounts to €45 billion.
A further 5% of the funds will go to the European Peace Facility (EPF), which is used to meet Ukraine’s urgent defence and military needs.
As ArmyInform reported earlier, Acting Minister of Defence of Ukraine Yevhenii Khmara announced that Ukraine had received additional funds under the Ukraine Support Loan.