EU to allocate 1.4 bln euros to Ukraine in accumulated revenue from immobilized Russian assets - European Commission

BRUSSELS. April 1 (Interfax) - The European Commission (EC) said on Wednesday that it would allocate 1.4 billion euros to Ukraine from revenue obtained from immobilized Russian assets in the EU.

"These 1.4 billion euros will be directed where they are most needed: to sustain the Ukrainian state, preserve essential public services, and support the Ukrainian Armed Forces," European Commission President Ursula von der Leyen said.

"Yesterday, the European Union received 1.4 billion euros in windfall profits generated by the interest on the cash balances originating from immobilized assets of the Russian Central Bank, held by central securities depositories," the European Commission said in a statement. "The receipt of this amount marks the fourth transfer of its kind, following a third tranche delivered in August 2025," the statement said.

The European Commission said that this refers to revenues accumulated in the second half of 2025. These funds come from the Russian Central Bank's assets immobilized under EU sanctions.

"While the assets themselves remain immobilized, the interest on the cash balances does not belong to Russia and upon the proposal by the [European] Commission has been agreed to be used to support Ukraine. This measure is part of the EU's continued commitment to stand with Ukraine for as long as it takes," it said.

The European Commission said that 95% of these funds would be used to support Kiev via the Ukraine Loan Cooperation Mechanism and 5% via the European Peace Facility.