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European Commission President Ursula von der Leyen speaks during a report on children's safety online at EU headquarters in Brussels, Monday, July 13, 2026. (AP Photo/Marius B

Video. EU to release €1.4bn from Russian asset profits to Ukraine

Updated: 05/08/2026 - 12:37 GMT+2

European Commission President Ursula von der Leyen announced that €1.4 billion in profits from immobilised Russian assets will be allocated after Russia’s deadly strikes on Kyiv. Most of the funds will be used to repay G7 and EU loans while €70 million will be directed toward military assistance.

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