The EU will provide 1.4 billion euros in proceeds from immobilized Russian assets to support Ukraine, the European Commission announced on April 1, UNN reports.
Details
"Yesterday, the European Union received 1.4 billion euros in windfall profits generated from interest on cash balances originating from immobilized assets of the Central Bank of the Russian Federation held in central securities depositories. The receipt of this amount is the fourth transfer of its kind following the third tranche provided in August 2025. It covers revenues accumulated during the second half of 2025," the statement reads.
European Commission President Ursula von der Leyen stated: "These 1.4 billion euros will be directed where they are needed most: to support the Ukrainian state, maintain essential public services, and support the brave AFU. Our commitment to Ukraine's victory and freedom is unwavering."
95% of the funds, as indicated, will be used to support Ukraine through the ULCM mechanism and 5% through the European Peace Facility (EPF). The ULCM provides non-repayable support to help Ukraine in the repayment of the EU macro-financial assistance loan, as well as loans from G7 bilateral creditors within this mechanism. Total loan support under the mechanism amounts to 45 billion euros. On the other hand, the EPF helps Ukraine address its urgent military and defense needs.