![\"Ukraine](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2026\/08\/Ukraine-Kyiv-destruction-Photo-Sergei-Chuzavkov-\u00a9-European-Union-2026-1024x690.jpg\")
<\/p>\nThe European Union on 3 August received \u20ac1.4 billion in windfall profits generated by the interest on the cash balances originating from immobilised assets of the Central Bank of Russia (CBR).<\/p>\n
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Receipt of this amount, held by Central Securities Depositories<\/a> (CSDs), marks the fifth transfer of its kind, following a fourth tranche delivered in March 2026. This covers revenues accumulated during the first half of 2026. Since their immobilisation, the Russian assets have generated a total of \u20ac8 billion in windfall profits.<\/p>\n \u201cRussia must pay for the destruction it has caused\u201d said the European Commission president Ursula von der Leyen: \u201cAnd we are using the proceeds from the immobilised Russian assets to make sure it does. We are making a further \u20ac1.4 billion of them available to Ukraine. This will support Ukraine\u2019s continued resistance against Russia\u2019s illegal war.\u201d<\/p>\n The funds come from Central Bank of Russia (CBR) assets immobilised under EU sanctions<\/a>, imposed in response to Russia\u2019s war of aggression against Ukraine. While the assets themselves remain immobilised, the interest on the cash balances does not belong to Russia and on the proposal by the Commission and the EU\u2019s foreign affairs chief, the Council decided that these net profits should be used to support Ukraine. This measure is part of the EU\u2019s continued commitment to stand with Ukraine for as long as it takes.<\/p>\n 95% of the proceeds will be used to support Ukraine via the Ukraine Loan Cooperation Mechanism<\/a> (ULCM) and 5% via the European Peace Facility<\/a> (EPF). The ULCM provides non-repayable support to assist Ukraine in repaying the EU macro-financial assistance loan disbursed throughout 2025<\/a>, as well as loans provided by G7 bilateral lenders under the G7 \u2018Extraordinary Revenue Acceleration (ERA) Loans\u2019 initiative<\/a>. Total support under the ERA loans amounts to \u20ac45 billion. On the other hand, the EPF helps Ukraine to address its pressing military and defence needs.<\/p>\n First transfer of windfall profits<\/a><\/p>\n Second transfer of windfall profits<\/a><\/p>\n Third transfer of windfall profits<\/a><\/p>\n Fourth transfer of windfall profits<\/a><\/p>\n