EU Allocates First €1.5 Billion from Frozen Russian Assets to Aid Ukraine

Funds will support Ukraine's defense and reconstruction efforts, sourced from interest on immobilized Russian central bank assets.

European Commission President Ursula von der Leyen announced the transfer of €1.5 billion to Ukraine.
The funds are generated from interest on frozen Russian central bank assets held in EU countries.
90% of the money will go to the European Peace Facility, aiding military support for Ukraine.
The remaining 10% will be integrated into the EU budget for reconstruction and defense purposes.
This marks the first installment of a larger plan to use €3 billion annually from these assets for Ukraine.