Ukraine to get €1.4bn in revenues from frozen Russian assets

Ukraine is to receive 1.4 billion euros (1.6 billion dollars) in revenues from Russian central bank assets immobilised in the European Union (EU).

The funding “will be directed where they are needed most: to sustain the Ukrainian state, preserve essential public services and support the brave Ukrainian Armed Forces,” European Commission President Ursula von der Leyen said on Wednesday.

“Our commitment to Ukraine’s victory and freedom is unwavering,” she said.

The windfall profits are generated by interest on cash balances from Russian central bank assets frozen under EU sanctions, the commission said.

The €1.4 billion in windfall profits were accumulated during the second half of 2025.

“While the assets themselves remain immobilised, the interest on the cash balances does not belong to Russia and, upon the proposal by the commission, has been agreed to be used to support Ukraine,” a commission statement said.