EU transfers 1.4 billion euro Russian asset profits to Ukraine
Analysis based on 7 articles · First reported Aug 05, 2026 · Last updated Aug 06, 2026
On August 3, 2026, the European Union received €1.4 billion in windfall profits generated from interest on cash balances of immobilised Russia — Central Bank of Russia assets held by Central Securities Depositories. This is the fifth such transfer, covering revenues from the first half of 2026. Since immobilisation, these assets have generated €8 billion in windfall profits. The funds are used to support Ukraine: 95% via the Ukraine Loan Cooperation Mechanism and 5% via the European Peace Facility. The ULCM provides non-repayable support for Ukraine's repayment of EU macro-financial assistance loans and G7 ERA loans, totaling €45 billion. The EPF addresses Ukraine's military and defence needs. International — European Commission President Ursula von der Leyen stated that Russia must pay for the destruction it has caused. This transfer is part of the EU's ongoing commitment to support Ukraine against Russia's invasion.
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