EU Transfers €10.1 Billion to Ukraine from Frozen Russian Assets Over Seven Months

The European Union has transferred €10.1 billion to Ukraine from revenues generated by the frozen assets of the Central Bank of Russia during the first seven months of 2025, reports the "Welt am Sonntag" newspaper, citing data from the European Commission.

According to the publication, Brussels is using these funds to finance military and civilian projects. The Ukrainian government received €1 billion in profit from frozen Russian assets in March, May, June, and July, with €3 billion in January and €3.1 billion in April, as noted by the paper.

Some politicians argue that Kyiv should have access to all Russian funds, not just the interest. However, economists warn about the disastrous consequences such a move could have for the financial system.

On August 11, the European Commission received the third tranche of revenues amounting to €1.6 billion from the illegal reinvestment of blocked Russian sovereign assets. Previously, the Commission stated that 95% of these funds would be used to service international loans provided to Ukraine, including loans from the EU and its member states, while the remaining 5% would be allocated for "Ukraine's urgent military needs," with arms supplies arranged through the European Peace Facility.

Approximately €200 billion of Russian sovereign assets are frozen in the EU, the majority of which are held in Euroclear's accounts in Belgium.