The European Commission transferred 1.4 billion euros in profits generated from frozen Russian central bank assets on March 31, routing funds toward Ukraine’s war effort and loan repayment obligations. This fourth tranche comes from extraordinary revenues accrued on roughly 210 billion euros in Russian central bank assets immobilized across EU central securities depositories, primarily Euroclear. 95% of the funds flow through the Ukraine Loan Cooperation Mechanism, while 5%, approximately 70 million euros, goes to the European Peace Facility for direct military assistance. The G7’s ERA loans to Ukraine have cumulatively reached nearly 45 billion euros. The article specifies that no cryptocurrency is involved in this transfer, which operates entirely through traditional financial infrastructure.
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