EU transfers 1.5 billion euros from frozen Russian assets to Ukraine

Ursula von der Leyen attends a press conference after her re-election for a second term as President of the European Commission, at the European Parliament in Strasbourg, France, July 18, 2024. REUTERS/Johanna Geron/File Photo

BRUSSELS (Reuters) -The European Union will transfer 1.5 billion euros in proceeds from frozen Russian assets to Ukraine, European Commission President Ursula von der Leyen said on Friday.

Western countries blocked around $300 billion worth of sovereign Russian assets after Moscow sent troops into Ukraine in February 2022.