The European Union announced Wednesday that it will send Ukraine an additional 1.4 billion euros from the extraordinary profits generated by interest on the frozen assets of the Central Bank of Russia (RSB), as a result of EU sanctions against Moscow for invading its neighbor.

The European Commission stated in a press release that this is the fifth such transfer, following a fourth tranche of 1.4 billion euros made in March.

In this case, the payment represents the interest accrued during the first half of 2026.

Although Russian assets remain frozen, the Commission emphasized that “interest generated by cash balances does not belong to Russia” and, therefore, proposed allocating these funds to support Ukraine.

European Commission President Ursula von der Leyen stated that this latest transfer of 1.4 billion euros “will support Ukraine’s continued resistance against Russia’s illegal war.”

“Russia must pay for the destruction it has caused. And we are using the proceeds from frozen Russian assets to ensure that it does,” she added.

The European Commission specified that 95% of the proceeds will be used to support Kyiv through the Cooperation Mechanism for Loans to Ukraine and 5% through the European Peace Support Facility.

The mechanism provides grant assistance to help Ukraine repay the EU’s macro-financial assistance loan, as well as bilateral loans from G7 countries.

The European Commission has estimated the total loan support through this mechanism at 45 billion euros.

Since they were frozen, Russian assets have generated a total of 8 billion euros in extraordinary profits.

AGERPRES