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Ukraine: EU releases 1.5 billion euros in proceeds from Russian assets

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Published: July 29th, 2024,
Last updated: May 28th, 2025

On 19 and 20 March 2024, Ursula von der Leyen, President of the European Commission, Valdis Dombrovskis, Executive Vice-President of the European Commission in charge of an Economy that works for People, and Commissioner for Trade, Maroš Šefčovič, Executive Vice-President of the European Commission in charge of the European Green Deal, Interinstitutional Relations and Foresight, and Thierry Breton, European Commissioner for Internal Market, received Denys Shmyhal, Ukrainian Prime Minister. During his visit to the Berlaymont, the Ukrainian Prime Minister gave a press statement with Ursula von der Leyen.
In March, Commission President Ursula von der Leyen received the Ukrainian Prime Minister Denys Shmyhal at the Berlaymont.

The European Union has released interest income from frozen Russian assets to Ukraine for the first time. „Today we transfer 1.5 billion euros in proceeds from immobilized Russian assets to the defense and reconstruction of Ukraine,“ EU Commission President Ursula von der Leyen announced on X on Friday. „There is no better symbol or use for the Kremlin’s money than to make Ukraine and all of Europe a safer place to live.“

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Ukraine-Krieg