EU to Use €1.4 Billion from Interest on Frozen Russian Assets to Help Ukraine

European Union will use €1.4 billion ($1.6 billion) taken from interest generated by frozen Russian assets to help Ukraine, the European Commission said on Wednesday. The money, transferred to the bloc on August 3, came ⁠from interest on cash ⁠balances, part of Russian central bank assets frozen by the EU in the wake of Moscow's ⁠invasion, the Commission added.