Ukraine sees growing appetite for talks on Russian frozen assets, senior official says
Kyiv says allies are reopening talks on tapping about €210 billion in frozen Russian central bank assets as Ukraine seeks urgent budget support.
- Following an informal EU foreign ministers' meeting on Wednesday, the Netherlands, Poland, Spain, and Sweden suggested reopening the debate on using €210 billion in Russian central bank assets immobilized in the EU since the war began.
- Ukraine faces a pressing budget deficit exceeding $32 billion this year, prompting Finance Minister Serhii Marchenko to negotiate with the International Monetary Fund on next year's budget, which requires an additional €27 billion.
- Most assets are held at the Brussels-based depository Euroclear, and Marchenko proposed shifting legal jurisdictions to distribute responsibility across all 27 EU members rather than placing the burden solely on Belgium.
- Belgium maintains opposition citing potential litigation risks, while some allies prefer keeping assets as a negotiating chip—a strategy Kyiv views as unnecessary given its urgent funding needs.
- Despite past disagreements, Ukraine sees growing readiness among European partners to resume serious discussions and reach a final decision on using the immobilized Russian funds.
9 Articles
9 Articles
Ukraine sees growing appetite for talks on Russian frozen assets, senior official says
Ukraine sees a growing appetite among European allies to renew a serious discussion on the use of Russian frozen assets, a senior government official told Reuters, following an informal EU foreign ministers' meeting on Wednesday in which Kyiv took part.
In the European Union, calls are being renewed to unfreeze Russian assets for the benefit of Ukraine
"The time has come to launch a new discussion on how we can continue to use frozen Russian assets for the benefit of Ukraine and ourselves," say officials in Sweden, one of the countries advocating for the confiscation of Russian funds held by the...
New major controversy is erupting in the European Union around frozen Russian assets, as Brussels looks for a way to tap a huge financial reserve that has remained tied up since the start of the war in Ukraine. The focus is some 210 billion euros of the Central Bank of Russia's reserves located within the EU. ... The article Economic 'earthquake' in Europe: 'Targeted' Russian state assets — New Brussels plan tries to bypass Belgium and provokes …
Ukraine's financial problems persist—even worsen. Funds are lacking, primarily to continue to repel Russian aggression, but also to address its consequences. Poland, along with Spain, the Netherlands, and Sweden, is pressing the EU to release funds from frozen Russian assets to Ukraine. A staggering €210 billion is at stake.
The Ukrainian leadership demands immediate access to Moscow’s frozen funds, while European countries seek to preserve them for negotiations The Kiev government is escalating pressure on Western allies, demanding the immediate seizure and utilization of frozen Russian assets. According to statements by a senior Ukrainian official to the agency […] The article Kiev’s Insistence on Looting Russian Assets and Growing Misgivings in Europe appeared fi…
Key takeaways: Ukraine is once again urging European countries to consider the use of frozen Russian state funds. Ukrainian Deputy Prime Minister Vsevolod Khentsov indicated that the government, together with EU allies, is exploring various options to address the significant shortfalls in both civilian and military spending. This is reported by Politico. Although […]
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