Ukraine will receive a new tranche from the EU from frozen Russian assets

The third tranche of extraordinary proceeds from frozen EU assets will be directed to support Ukraine.

A third transfer of €1.6 billion in proceeds from frozen assets of the Central Bank of Russia has become available to support Ukraine.

In particular, last Friday the European Union received €1.6 billion in so-called windfall profits from frozen assets of the Russian Central Bank held in EU central securities depositories.

The third transfer covers revenues accumulated during the first half of 2025, European officials said.

90% of the first two tranches were used to support Ukraine through the European Peace Facility (EPF) and 10% through the Ukraine Facility. Starting with this third tranche, 95% of the proceeds will be used to support Ukraine through the Ukraine Loan Cooperation Facility (ULCM) and 5% through the EPF. The ULCM provides non-repayable support to help Ukraine repay its EU macro-financial assistance loan as well as loans from bilateral creditors.

The windfall profits come from assets frozen under EU sanctions imposed in response to Russia's aggression against Ukraine. While the assets themselves remain frozen, interest on the cash balances can be used to support Ukraine.