On July 26, Jin Shi Data reported that European Commission President Von der Leyen said on social media platform X on Friday that the EU will transfer the 1.5 billion euros in profits generated from frozen Russian assets to Ukraine. ‘Today, we will extract 1.5 billion euros from Russian fixed assets for the defense and reconstruction of Ukraine. There is no better symbol or use for the money from the Kremlin than to make Ukraine and the whole of Europe a safer place to live,’ she said. According to a draft EU document and diplomats’ statements, EU member states have been discussing extending the deadline for sanctions on Russian Central Bank assets in order to secure an important loan from the G7 for Ukraine.
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