Kremlin condemns EU transfer of profits from frozen Russian assets to Ukraine as illegal ‘theft’

The European Commission said the bloc would give Kyiv $1.6 billion, taken from interest on cash balances, part of Russian central bank assets frozen by the EU because of the war in Ukraine.

The Russian flag flies on the dome of the Kremlin Senate building behind Spasskaya Tower, in central Moscow, Russia, May 4, 2023.

(photo credit: REUTERS/STRINGER)

ByREUTERS

SEPTEMBER 24, 2026 13:53

The Kremlin said on Thursday that it viewed the European Union's decision to transfer revenue from frozen Russian assets to Ukraine as illegal and a form of theft.

In August, the European Commission said the bloc would give Kyiv $1.6 billion, taken from interest on cash balances, part of Russian central bank assets frozen by the EU because of the war in Ukraine.

This is a developing story.

Kremlin condemns EU transfer of profits from frozen Russian assets to Ukraine as illegal ‘theft’

The European Commission said the bloc would give Kyiv $1.6 billion, taken from interest on cash balances, part of Russian central bank assets frozen by the EU because of the war in Ukraine.

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Kremlin condemns EU transfer of profits from frozen Russian assets to Ukraine as illegal ‘theft’

The European Commission said the bloc would give Kyiv $1.6 billion, taken from interest on cash balances, part of Russian central bank assets frozen by the EU because of the war in Ukraine.

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