Von der Leyen unveils new €1.4 bln tranche for Ukraine
According to her, the profits from Russia's Central Bank's frozen assets will be used to strengthen Ukraine's defense.
"And we are using proceeds from frozen Russian assets to make this happen," von der Leyen added.
At the same time, Koretskyi thanked European partners for their support and stressed that further strengthening Ukraine's defense capabilities must be the response to Russia's latest strikes.
It should be noted that Russia's assets themselves remain blocked under EU sanctions, while the European Union directs the profits from them to support Ukraine.
Background
Ukraine has begun receiving funds from partner countries under the ERA program. This is a G7 initiative under which Ukraine receives funds backed by revenues from frozen Russian assets. In total, the G7 ERA initiative provides 50 billion US dollars for Ukraine, with the European Union providing 20 billion US dollars.
Ukraine received the first tranches from Russia's frozen assets from the European Union in January 2025. Ukraine also received almost 1 billion US dollars from Britain, secured by revenues from Russian assets.
In addition, the Canadian government allocated 1.7 billion US dollars to Ukraine under the Group of Seven initiative.
On October 1, 2025, Ukraine also received another tranche of 4 billion euros in EU macro-financial assistance under the ERA Loans mechanism. The funds are backed by revenues from the frozen assets of Russia's Central Bank.
In February 2026, Japan and Canada said they would provide nearly 691 million US dollars to support Ukraine's state budget and social payments. The funds were expected to go to the general fund of the State Budget.
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6 of August 2026
