EU transfers 1.5b euros raised from Russian assets for Ukraine 

BRUSSELS, July 26: The EU on Friday said 1.5 billion euros ($1.6 billion) had been made available to support Ukraine, the first chunk of money earned from profits on Russian frozen assets.

EU member states had agreed in May to use billions of euros in profits from frozen Russian central bank assets to help arm Ukraine and fund its post-war reconstruction.

The EU froze around 200 billion euros 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 percent of the funds frozen in the EU are held by Belgium-based international deposit organisation Euroclear.    —AFP