European Commission President Ursula von der Leyen announced that €1.4 billion in profits from immobilised Russian assets will be allocated after Russia’s deadly strikes on Kyiv. Most of the funds will be used to repay G7 and EU loans while €70 million will be directed toward military assistance. #EuropeNews

The European Union will allocate €1.4 billion to Ukraine from revenues generated by frozen Russian assets. — Ukrinform.

The European Union will provide Ukraine with a fifth €1.4 billion tranche funded by proceeds generated from frozen Russian central bank assets to strengthen the country's defence…