European Union Transfers €1.4 Billion from Immobilized Russian Assets to Support Ukraine

The European Union has disbursed an additional €1.4 billion in windfall profits generated from immobilized assets of the Central Bank of Russia, bringing the total transferred to Ukraine to €8 billion. These funds are intended to support Ukraine's ongoing resistance against Russia's aggression, with 95% allocated via the Ukraine Loan Cooperation Mechanism and 5% via the European Peace Facility.