EU redirects €1.4b profit from frozen Russian assets to Ukraine aid

The European Union has received €1.4 billion in profits generated from interest on immobilised assets of the Russian Central Bank, with the money set to be channelled into support for Ukraine.

https://www.brusselstimes.com/eu-affairs/2057054/eu-redirects-e1-4b-profit-from-frozen-russian-assets-to-ukraine-aid/

EU redirects €1.4b profit from frozen Russian assets to Ukraine aid

€1.4 billion earned from immobilised Russian central bank assets will support Ukraine’s loans and defence efforts, under new EU funding.