“Once again we wake up to the news of horrible atrocities by Russia through its aerial attacks on Ukraine,” Commission President Ursula von der Leyen wrote on X. “Russia must pay for the destruction it has caused. And we are using the proceeds from the immobilised Russian assets to make sure it does.” Von der Leyen said the EU was making “a further €1.4 billion” available to support Ukraine’s “continued resistance against Russia’s illegal war.”
Her comments came after one of the deadliest Russian attacks on Kyiv this year. Ballistic missiles and drones killed at least 17 people and wounded 44 overnight, striking residential buildings, warehouses and a railway station. Ukrainian President Volodymyr Zelenskyy stated Wednesday that additional missile interceptors “could have saved lives” and blamed delays in Western air-defense deliveries for the mounting casualties.
Over €210 billion in Russian central bank reserves were frozen by the EU after Moscow’s full-scale invasion in 2022. Since 2024, financial institutions holding those assets have been required to ring-fence the extraordinary profits they generate, allowing Brussels to redirect the proceeds to Ukraine while leaving the underlying reserves untouched.