EU releases €1.4 Billion to Ukraine from frozen Russian asset profits after Kyiv attacks

European Commission President Ursula von der Leyen announced that €1.4 billion in profits from immobilised Russian assets will be allocated after Russia’s deadly strikes on Kyiv. Most of the funds will be used to repay G7 and EU loans while €70 million will be directed toward military assistance.

BRUSSELS, Aug 5 - The European Union will use €1.4 billion ($1.6 billion) taken from interest generated by frozen Russian assets to help Ukraine, the European Commission said on Wednesday.

EU to use €1.4 billion from interest on frozen Russian assets to help Ukraine  Reuters