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  • 2 days ago
EU releases €1.4 Billion to Ukraine from frozen Russian asset profits after Kyiv attacks

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.

READ MORE : http://www.euronews.com/2026/08/05/eu-releases-14-billion-to-ukraine-from-frozen-russian-asset-profits-after-kyiv-attacks

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00:01European Commission President Ursula von der Leyen condemned what she called
00:06horrible atrocities by Moscow on Wednesday following a deadly overnight attack on the
00:10Kyiv region. She said Ukraine would soon receive 1.4 billion euros from proceeds generated by
00:17immobilized Russian assets to fund its war effort. The EU froze around 200 billion euros of Russia's
00:24international reserves shortly after Russia's full-scale invasion of Ukraine in 2022. While
00:31the assets remain untouched, the profits generated from them have been used to support Ukraine.
00:36Von der Leyen announced the latest funding after at least 17 people were killed in Russian ballistic
00:42missile and drone attacks on Kyiv. Russia has intensified its attacks on Ukraine in recent
00:47weeks, striking several civilian targets. Four previous tranches of windfall profits from
00:54Russia's frozen assets have been transferred to Kyiv, the latest in March this year,
00:58with Wednesday's announcement bringing the total to 8 billion euros.
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