Authored by Victoria Friedman via The Epoch Times,
The European Union will use $1.62 billion accumulated from interest on frozen Russian assets to support Ukraine, the union's executive branch has said.
European Commission President Ursula von der Leyen speaks during a news conference as part of the European Council meeting to discuss Ukraine, European defense, recent developments in the Middle East, competitiveness, housing, and migration, in Brussels, Belgium, on Oct. 23, 2025. Nicolas Tucat/AFP via Getty ImagesThe European Commission said in an Aug. 4 statement that the funds, transferred to the bloc on Monday, came from the immobilized assets of Russia's central bank being held by the Central Securities Depositories in the EU.
This was the fifth such transfer of its kind, with the seized assets having generated a total of $9.23 billion in interest.
European Commission President Ursula von der Leyen said that Moscow "must pay for the destruction it has caused. And we are using the proceeds from the immobilised Russian assets to make sure it does."
"We are making a further [$1.62] billion of them available to Ukraine. This will support Ukraine's continued resistance against Russia's illegal war," she said.
The funds are from assets immobilized under EU sanctions, which were imposed in response to Russia's invasion of Ukraine.
Billions Frozen
The majority of frozen Russian assets are bein
