The sum of 160 million euros from the proceeds of frozen Russian assets will be allocated to meet Ukraine's urgent humanitarian needs for this winter, European Commission President Ursula von der Leyen said on Thursday.

The European Union (EU) will allocate €160 million ($178.74 million) to Ukraine to support its energy security ahead of the winter. Part of the funds will come from frozen Russian assets, according to European Commission (EC) President Ursula von der Leyen during a press conference in Brussels.

EU ambassadors agreed on May 8 to use the windfall profits from the frozen Russian assets to fund Ukraine's reconstruction and defense needs. Kyiv is expected to receive roughly 3 billion euros ($3.2 billion) every year, according to earlier discussions. Read also: IEA recommends 10 steps for Ukraine’s energy security ahead of winter