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.

The European Commission has earmarked 160 million euros from frozen Russian assets to address Ukraine's humanitarian needs this winter. Amid severe damage to Ukraine's energy infrastructure, the EU also plans to assist with repairs and boost electricity exports to help mitigate energy shortages.