The European Union has received $1.6 billion in windfall profits generated from immobilised Russian central bank assets, with the funds set to support Ukraine, the European Commission has announced.
The latest transfer is the fifth of its kind and covers revenues accumulated during the first half of 2026, according to a statement on Wednesday.
It follows a previous $1.6 billion tranche transferred in March, bringing the total windfall profits generated from the immobilised assets to $9.3 billion since the sanctions were imposed.
European Commission President Ursula von der Leyen said: “Russia must pay for the destruction it has caused.”
“And we are using the proceeds from the immobilised Russian assets to make sure it does. We are making a further €1.4 billion of them available to Ukraine,” she said.
