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EU Weighs Using Frozen Russian Assets to Fund Ukraine

9/13/2025

Summary

Story summary

The European Union is considering using frozen Russian assets to support Ukraine through riskier investments that preserve the principal.
Approximately €200 billion in Russian assets have been frozen since February 2022, mainly held by Euroclear.
The "legally creative" proposal aims to replace cash with EU-backed debt obligations to fund Ukraine's military.
While discussions have generated cautious enthusiasm, no formal agreements have been reached.
Ukraine's €8 billion budget deficit next year drives the EU to explore new funding options, facing opposition from Hungary and Belgium.

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Story summary

The European Union is considering using frozen Russian assets to support Ukraine through riskier investments that preserve the principal.
Approximately €200 billion in Russian assets have been frozen since February 2022, mainly held by Euroclear.
The "legally creative" proposal aims to replace cash with EU-backed debt obligations to fund Ukraine's military.
While discussions have generated cautious enthusiasm, no formal agreements have been reached.
Ukraine's €8 billion budget deficit next year drives the EU to explore new funding options, facing opposition from Hungary and Belgium.