Archive · 5 Aug 2026
EU gives €1.4 billion frozen Russian asset interest to Ukraine
Some countries froze money that belongs to Russia's central bank because Russia started a war.
That money is kept safe, and over time it earns extra money, like a piggy bank that grows.
The European Union, a group of many countries in Europe, decided to use the extra money that the frozen money made.
This extra money is about €1.4 billion, which is about $1.6 billion.
The European Union will give this money to Ukraine to help the country.
The money was transferred to the European Union on August 3.
The European Commission announced the plan on Wednesday.
Ukraine can use the help because it is dealing with Russia's invasion.
The European Union will use €1.4 billion from interest on frozen Russian assets to help Ukraine.
The amount is equivalent to approximately $1.6 billion.
The money was transferred to the EU on August 3.
The funds come from interest on cash balances of Russian central bank assets frozen by the EU.
The assets were frozen after Moscow launched its invasion of Ukraine.
- Who
- The European Union, through the European Commission
- What
- Announced it will use €1.4 billion from interest on frozen Russian central bank assets to help Ukraine
- When
- Announced Wednesday, August 5, with funds transferred on August 3
- Where
- Brussels, Belgium, where the European Commission is based
- Why
- To support Ukraine following Russia's invasion, using interest earned on assets the EU froze
- Amount
- €1.4 billion (about $1.6 billion)
- Source of funds
- Interest on cash balances of frozen Russian central bank assets
- Transfer date
- August 3
- Announcement date
- Wednesday, August 5
- Announced by
- European Commission
- Recipient
- Ukraine
- Reason for freezing
- Russia's invasion of Ukraine