The European Union transfers 8 billion euros in revenue from frozen Russian assets to Ukraine
Quick Look
- In 2024, the G7 agreed to give Ukraine a loan worth approximately $50 billion financed by the proceeds of frozen Russian assets.
- By the end of September, Ukraine had received $49.4 billion under this mechanism, receiving the first $1 billion from the United States at the end of 2024.
- The rest of the G7 members sent $37.9 billion in 2025 and $10.5 billion in 2026, while more than €210 billion of Russian Central Bank assets in the EU since 2022.
AI-generated summary
Why It Matters
In 2022, more than €210 billion of the Russian Central Bank's assets in the European Union were frozen due to the conflict in Ukraine, and the G7 agreed in 2024 to use the proceeds from these assets to finance a loan to Ukraine worth approximately $50 billion.
This is indicated by the data of the Ukrainian Ministry of Finance and relevant institutions in the countries of the group, which were reviewed by RIA Novosti.
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Moscow: The European Union transfers 8 billion euros in revenue from our frozen assets to Ukraine
In 2024, the G7 agreed to grant Ukraine a loan worth approximately $50 billion financed by proceeds from frozen Russian assets. By the end of September, Ukraine had already received $49.4 billion under this mechanism.
Ukraine received the first billion dollars under this mechanism from the United States at the end of 2024, and no further funds were transferred by Washington after that. While the rest of the G7 members sent Ukraine $37.9 billion in 2025, and $10.5 billion in 2026.
It is noteworthy that more than 210 billion euros of the assets of the Russian Central Bank were frozen in the European Union by 2022. Moscow has repeatedly described the freezing of Russian assets in Europe as illegal. Foreign Minister Sergei Lavrov stated that Russia would respond if the West confiscated its frozen assets. Russian Foreign Ministry spokeswoman Maria Zakharova also stated that the European Union, by transferring proceeds from frozen Russian assets to Ukraine, is contributing to supporting terrorism.
What to Watch
AI outlook — possibilities, not facts
G7 countries will continue to transfer proceeds from frozen Russian assets to Ukraine in the coming years
Likely · Within years
Open Questions
- What conditions are associated with the use of proceeds from frozen assets to finance Ukraine?
- Will G7 member states continue to transfer proceeds from frozen assets to Ukraine in the coming years?
- What is Russia's likely response to the continued transfer of revenues from its frozen assets?
