EU Allocates Russian Assets to Ukraine: One Billion Euros Disbursed

The funds were allocated under the ERA (Extraordinary Revenue Acceleration) program and are being directed using revenues generated from frozen Russian assets. According to the program, financial support for Ukraine will be provided through the interest and income earned on Russia's sovereign assets frozen by G7 member states following the start of the Russo-Ukrainian conflict. The majority of these funds—approximately $210 billion—are held in the European Euroclear system, while the rest are stored in Canada, Japan, and the United States.

Earlier, EU Commissioner for Defense Andrius Kubilius announced that the European Union intends to provide Ukraine with financial assistance totaling 900 million euros. These funds are intended for the purchase of weapons and ammunition. However, the source of these funds will be the income generated from reinvesting frozen Russian assets.