The European Union announced on April 1 that it will transfer €1.4 billion in unexpected revenue derived from frozen Russian assets to Ukraine. This funding comes from interest accrued on assets held by the Central Bank of Russia, which are currently frozen and stored in central securities depositories.
European Commission President Ursula von der Leyen emphasized that these funds will be directed to areas of critical need in Ukraine, stating, “These €1.4 billion will go where they are most needed: to support the Ukrainian state, maintain essential public services, and assist the brave Armed Forces of Ukraine. Our commitment to Ukraine’s victory and freedom is unwavering.”
The EU clarified that 95% of the funds will be allocated through the Ukraine Loan Cooperation Mechanism (ULCM), while the remaining 5% will be distributed via the European Peace Facility (EPF). This transfer marks the fourth such allocation and covers revenues accumulated during the latter half of 2025. The last transfer of funds from Russian assets to Ukraine occurred in August 2025.
Currently, approximately $300 billion in Russian sovereign assets are frozen across Europe, with around €190 billion held in the Euroclear international depository in Belgium. The United Kingdom has frozen about €30 billion in Russian assets, while France has approximately €19 billion.
Additionally, the EU is providing support to Ukraine through the Extraordinary Revenue Acceleration (ERA) mechanism, which aims to deliver around $50 billion in loans backed by revenues from these frozen Russian assets. This financial assistance is intended to bolster Ukraine’s budget, military needs, and infrastructure recovery efforts.
The European Union has committed €1.4 billion from frozen Russian assets to aid Ukraine, focusing on essential services and military support. This funding is part of ongoing efforts to assist Ukraine amid the ongoing conflict.