EU transfers €8 billion from Russia’s frozen assets to Kyiv
Since 2024, the European Union has transferred to Ukraine part of the income from frozen Russian assets in the amount of €8 billion. Of this amount, more than €3.5 billion was transferred “directly for the purchase of weapons,” said Vladislav Maslennikov, head of the Department of European Affairs of the Russian Foreign Ministry.
Since 2024, the European Union has transferred to Ukraine part of the income from frozen Russian assets in the amount of €8 billion. Of this amount, more than €3.5 billion was transferred “directly for the purchase of weapons,” said Vladislav Maslennikov, head of the Department of European Affairs of the Russian Foreign Ministry.
Russian Central Bank reserves worth more than €200 billion were frozen in 2022. Most of the funds are held in the Belgian depository Euroclear. From 2024, the EU will withdraw profits from reinvesting assets. In response, Russia blocks the funds of foreign investors from unfriendly countries in special accounts of type “C”. They can be withdrawn only by the decision of a special government commission.
