EU to deliver 1.4B euro in revenue from immobilised Russian assets to be used for support to Ukraine

On March 31, the European Union received 1.4 billion euro in windfall profits generated by the interest on the cash balances originating from immobilised assets of the Russian Central Bank (RSB), held by central securities depositories (CSDs), the European Commission said on April 1.

The receipt of this amount marks the fourth transfer of its kind, following a third tranche delivered in August 2025. It covers revenues accumulated during the second half of 2025.

These funds come from RSB assets immobilised under EU sanctions, imposed in response to Russia’s war of aggression against Ukraine.

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. This measure is part of the EU’s continued commitment to stand with Ukraine for as long as it takes, the Commission said.

Ninety-five per cent of the proceeds will be used to support Ukraine via the Ukraine Loan Cooperation Mechanism (ULCM) and five per cent via the European Peace Facility (EPF).

The ULCM provides non-repayable support to assist Ukraine in repaying the macro-financial assistance loan from the EU, as well as loans from G7 bilateral lenders under the mechanism. Total loan support under the mechanism amounts to 45 billion euro. On the other hand, the EPF helps Ukraine to address its pressing military and defence needs., the Commission said.

In a separate statement on April 1, the European Commission said that today it took preparatory steps for the implementation of the €90 billion Ukraine Support Loan, aimed at securing necessary budgetary support and accelerating urgent defence procurement for Ukraine in 2026 and 2027.

The package adopted on April 1 includes a proposal for the Council of the EU to approve the overall amount of the EU’s support to Ukraine for 2026 and a decision validating the use of procurement derogations for the first defence product schedule under the loan, which will focus on drones.

The Commission’s proposal for a Council Implementing Decision for approving assistance to Ukraine for 2026 will now be submitted to the Council for adoption. Based on this proposal, member states will decide on the allocation of support under the Ukraine Support Loan for 2026, including through the Ukraine Facility, Macro-Financial Assistance and defence procurement.

Once the Council has adopted the legal basis authorising the Commission to start borrowing on the markets, the remaining legal and operational arrangements required to enable the first disbursements and launch procurements will be finalised by the Commission, Ukraine and member states.

As with other EU financial support to Ukraine, the instrument will be accompanied by strong safeguards and conditionality, including on the rule of law, anti-corruption and the protection of the Union’s financial interests, the Commission said.