The European Commission has announced its immediate plans for Russia's €210 billion in frozen assets

The European Union plans to keep Russian assets worth €210 billion frozen in the EU and use any extraordinary profits from them to benefit Ukraine until at least the end of 2025.

This was announced to journalists on June 19 in Brussels by European Commission spokesman Markus Lammert.

The European Commission spokesman stressed that €210 billion in Russian assets in the EU will remain frozen until at least the end of 2025, and extraordinary profits from them will be transferred to support Ukraine.

“We have frozen €210 billion of Russian assets in the EU, and we are using the proceeds from these assets to support Ukraine through €45 billion in G7 loans. This money is going, for example, to the Ukrainian defense industry and energy recovery,” Lammert said.

He recalled that “these loans will then be repaid from future extraordinary revenues from frozen Russian assets.”

“The first payment of €3 billion was sent to Ukraine in January (2025 – Ed.), €1 billion in March, another €1 billion in April, €1 billion in May, and €1 billion last Friday. Payments will continue throughout this year,” the European Commission spokesman said.

“The EU has always made it clear that Russia must pay for the damage caused by this war. Legally sound and financially viable options for compensating Ukraine for the damage caused by Russia must remain on the negotiating table, and we must continue to discuss them,” Markus Lammeter emphasized.

Source: European Truth