The EU froze around €200 billion of Russian central bank assets held in the bloc as part of sanctions imposed on Moscow for its invasion of Ukraine in 2022.
About 90 per cent of the funds frozen in the EU are held by Belgium-based international deposit organisation Euroclear.
“The EU stands with Ukraine. Today we transfer €1.5 billion in proceeds from immobilised Russian assets to the defence and reconstruction of Ukraine,” EU chief Ursula von der Leyen said in a statement.The EU stands with Ukraine. Today we transfer €1.5 billion in proceeds from immobilised Russian assets to the defence and reconstruction of Ukraine,” EU chief Ursula von der Leyen said in a statement.
“There is no better symbol or use for the Kremlin’s money than to make Ukraine and all of Europe a safer place to live,” she added.
