EU is allocating the first payment to support Ukraine for EUR1.5 billion received from frozen Russian assets, according to the European Commission. Revenues received by EU operators and central securities depositories (CSDs) from frozen Russian sovereign assets were transferred to Euroclear by the European Commission as the first tranche on July 23. “The money will now be channelled through the European Peace Facility and to the Ukraine Facility to support Ukraine’s military capabilities as well as to support the country’s reconstruction,” the statement says. The freezing of the Russian Centra…