EU to deliver €1.4 billion in revenue from immobilised Russian assets to be used for support to Ukraine

On 31 March, the European Union received €1.4 billion 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 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.

European Commission President, Ursula von der Leyen, said: “These €1.4 billion will be directed where they are needed most: to sustain the Ukrainian State, preserve essential public services and support the brave Ukrainian Armed Forces. Our commitment to Ukraine’s victory and freedom is unwavering.”

A total of 95% of the proceeds will be used to support Ukraine via the Ukraine Loan Cooperation Mechanism (ULCM) and 5% 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 and loans from G7 bilateral lenders under the mechanism. Total loan support under the mechanism amounts to €45 billion. On the other hand, the EPF helps Ukraine to address its pressing military and defence needs.

To date, since the start of the full-scale war against Ukraine, the EU has adopted 19 packages of sanctions against Russia. The 20th round is awaiting approval.

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Press release