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EU to Extend Freeze on €210B in Russian Assets Through 2025, Channel Proceeds to Ukraine
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![Photo of Dariia Mykhailenko]( "Photo of Dariia Mykhailenko")
The European Union plans to keep €210 billion worth of Russian assets frozen within its territory at least until the end of 2025, directing profits generated from these assets to support Ukraine.
European Commission spokesperson Markus Lammert confirmed the move during a briefing in Brussels, European Pravda reported on June 19.
“We have immobilized €210 billion in Russian assets in the EU. The extraordinary revenues from these assets are being used to support Ukraine through the G7 loan mechanism worth €45 billion,” Lammert said. “These funds are going directly to strengthen Ukraine’s defense industry and support the recovery of its energy infrastructure.”
Lammert said the first tranche of funding was €3 billion (about $3.24 billion) and was sent to Ukraine in January 2025. It was followed by monthly payments of €1 billion (about $1.08 billion) in March, April, May, and most recently, in mid-June. Further disbursements are expected throughout the year.
“These loans will be repaid through future windfall revenues from the immobilized Russian assets,” he explained.
The spokesperson reiterated the EU’s position that Russia must pay for the destruction it has caused in Ukraine.
“Legally sound and financially viable options to ensure Russia compensates for the damage it has inflicted must remain part of the international agenda—and we must continue discussing them,” Lammert stressed.
Earlier, Daniel Ek, co-founder and CEO of Spotify, invested over €600 million (around $640 million) in Helsing, a German defense technology firm specializing in AI-powered drones—thousands of which have already been supplied to Ukraine.
