The European Union has received €1.4 billion in profits generated from interest on immobilised assets of the Russian Central Bank, with the money set to be channelled into support for Ukraine.
The funds came from interest earned on cash balances linked to Russian Central Bank assets held by central securities depositories — financial institutions that hold and settle securities such as bonds and shares — after the underlying assets were frozen under EU sanctions, the European Commission announced on Wednesday.
It was the fourth transfer of this kind, covering revenues accumulated during the second half of 2025, following a previous tranche delivered in August 2025.
European Commission President Ursula von der Leyen said the €1.4 billion would be used to “sustain the Ukrainian State, preserve essential public services and support the Ukrainian Armed Forces”.
How the money will be used
Some 95% of the proceeds will go through the Ukraine Loan Cooperation Mechanism, which the Commission said provides non-repayable support to help Ukraine repay an EU macro-financial assistance loan, as well as loans from G7 bilateral lenders under the same mechanism.
The remaining 5% will be channelled through the European Peace Facility, an EU fund used to support partners with military and defence needs.
The Commission said the assets themselves remain immobilised under sanctions introduced in response to Russia’s invasion of Ukraine, but that the interest generated on the related cash balances is being used for Ukraine under EU decisions adopted in 2024.
