In the release, European Commission President, Ursula von der Leyen, said that Russia “must pay for the destruction” it has caused to Ukraine. “We are using the proceeds from the immobilised Russian assets to make sure it does. According to the EU, 95% of the proceeds will be used to support Ukraine via the Ukraine Loan Cooperation Mechanism (ULCM) and 5% via the European Peace Facility (EPF). EU funding to Ukraine: in dataAccording to data published by the EU Delegation to the United States in January 2026, the bloc is Ukraine’s largest supporter, surpassing funding provided by the US, UK, or other donors. Defence support to Ukraine from the EU now exceeds $90bn, comprising loans, donations, and military equipment provided either granted-in-kind or as a platform sale.