EU receives third tranche of EUR 1.6 billion windfall profits from frozen Russian assets to support Ukraine
The European Union has received a third transfer of €1.6 billion from the Russian Central Bank's frozen assets to support Ukraine.
The European Commission's press service reported this on Monday.
"Last Friday, the European Union received EUR 1.6 billion in so-called windfall profits generated by interest on cash balances originating from the Russian Central Bank's frozen assets held in central securities depositories," the press release said.
The EC noted that these windfall profits come from assets frozen under EU sanctions imposed in response to Russia's ongoing aggression against Ukraine. While the assets themselves remain frozen, the interest on the cash balances can be used to support Ukraine.
"This is the third transfer to the EU after the first tranche provided in July 2024 and the second tranche provided in April 2025. It covers the revenues accumulated during the first half of 2025... 90% of the first two tranches were used to support Ukraine through the European Peace Facility (EPF) and 10% through the Ukraine Facility. Starting from this third tranche, 95% of the funds will be used to support Ukraine through the Ukraine Loan Cooperation Mechanism (ULCM) and 5% through the European Peace Facility," the EC detailed. The press release also notes that the ULCM provides non-repayable support to Ukraine in repaying the EU macro-financial assistance loan, as well as loans from bilateral creditors under this mechanism. The total loan support under the mechanism is €45 billion. In addition, the EPF helps Ukraine meet its urgent military and defense needs.
"This measure is part of the EU's ongoing commitment to support Ukraine as long as necessary," the European Commission stressed.