frozen Russian assets

EU piles pressure on Belgium to approve plan for frozen Russian assets

Belgium is facing mounting pressure to greenlight the use of frozen Russian assets for a proposed “reparations credit” to Ukraine, as Berlin and other EU partners shift their positions on the issue, the Financial Times reported.

8 October 2025, 02:12 PM

G7 eyes frozen Russian assets to finance Ukraine

Germany, France, and Italy have urged the United States and Japan to join a European initiative to tap frozen Russian assets to support Ukraine, Politico reported on Oct. 2.

2 October 2025, 12:14 PM

Ukraine should receive a reparations loan backed by Russia’s frozen assets — von der Leyen

European Commission President Ursula von der Leyen is continuing to push a reparations loan for Ukraine that would be backed by frozen Russian assets and repaid only if Russia pays reparations. She made the remarks before a meeting of the European Commission’s College of Commissioners in a joint appearance with NATO Secretary General Mark Rutte, Interfax-Ukraine reported on Sept. 30.

30 September 2025, 12:36 PM

Germany floats offering Ukraine $163 billion loan

The EU should offer Ukraine an interest-free loan of nearly EUR140 billion ($163 billion), to be repaid only after Russia agrees to war reparations, German Chancellor Friedrich Merz wrote in an opinion piece for the Financial Times on Sept. 25.

25 September 2025, 08:40 PM

EU readies its 19th Russia sanctions package

The European Union could unveil its 19th sanctions package against Russia as early as Sept. 19, Ukraine’s special envoy for sanctions policy, Vladyslav Vlasiuk, said on Sept. 17.

17 September 2025, 11:51 PM

UK transfers $1.3 billion from frozen Russian asset revenues to arm Ukraine

The United Kingdom has allocated $1.3 billion from the proceeds of frozen Russian assets to purchase military aid for Ukraine, UK Defense Secretary John Healey said in his visit to Kyiv, the government’s website wrote on Sept. 3.

4 September 2025, 02:30 PM

Ukraine faces $40B funding gap after 2025, NBU warns

The National Bank of Ukraine (NBU) predicts a comfortable international financing situation for the country in 2025, but there are concerns regarding a funding gap for 2026-2027, NBU flags aid shortfall: only one-third of Ukraine’s needs secured told the Interfax-Ukraine news agency on Sep. 2.

2 September 2025, 12:55 PM

No return of frozen Russian assets without reparations – Kallas

The frozen assets of Russia’s Central Bank held in the EU should not be returned to Russia until it pays reparations to Ukraine following a ceasefire or peace agreement, Kaja Kallas, the EU’s High Representative for Foreign Affairs, said before an informal meeting of EU foreign ministers in Copenhagen on Aug. 30, European Pravda reports.

30 August 2025, 12:50 PM

EU eyes Russian frozen billions to plug Kyiv’s budget gap

The European Commission is devising a scheme to transfer nearly €200 billion ($233 billion) in frozen Russian assets to rebuild Ukraine after the war ends, Politico reported on Aug. 29.

29 August 2025, 11:31 AM

Russian assets should remain frozen for now—Secretary Bessent

Russia’s sovereign assets frozen in the West should remain a bargaining chip in negotiations with Moscow, rather than be confiscated immediately, U.S. Treasury Secretary Scott Bessent said on Aug. 27.

27 August 2025, 09:50 PM

Belgian PM opposes confiscating Russian assets

Belgian Prime Minister Bart De Wever said on Aug. 26 he would rather keep frozen Russian assets in the Euroclear clearinghouse in Brussels than see them confiscated.

26 August 2025, 09:46 PM

EU sends Ukraine $4.7 billion in aid ahead of Independence Day

The EU has delivered EUR4.05 billion ($4.75 billion) to Kyiv on Aug. 22, two days ahead of Ukraine celebrating its 34th independence anniversary, Ukrainian PM Yulia Svyrydenko and the European Commission announced.

22 August 2025, 09:40 PM

EU to spend $1.9 billion of Russian cash to repay Ukraine’s loans

Drawing on windfall profits generated by frozen Russian assets, the European Union will transfer EUR1.6 billion ($1.9 billion) to Ukraine, the European Commission announced on Aug. 11.

11 August 2025, 10:27 PM

Russian assets to remain frozen until Moscow pays reparations, German chancellor says

Russia must pay Ukraine roughly EUR500 billion ($585 billion) in reparations before it would be allowed to access its central bank assets frozen in the West, German Chancellor Friedrich Merz said on July 10.

11 July 2025, 01:33 AM

EU scrambles to cover Ukraine’s $19 billion budget gap

The European Union is working to address Ukraine’s projected $19 billion budget deficit for 2026, the Financial Times reported on July 8.

8 July 2025, 04:25 PM

Canada gives Ukraine $1.7 billion derived from Russian assets

Canada has transferred CAD2.3 billion ($1.7 billion) from revenues generated by Russian sovereign assets frozen in the West to Kyiv, Ukrainian PM Denys Shmyhal announced on June 30.

30 June 2025, 09:41 PM

Ukraine urges direct use of frozen Russian assets for weapons and rebuilding

Ukrainian Foreign Minister Andriy Sybiha has called on Ukraine’s partners to go beyond using interest generated from frozen Russian assets and begin spending the assets themselves.

28 June 2025, 10:45 AM

Danish-led initiative to boost Ukrainian defense industry with €428M

Ukraine will soon receive a €428 million [$465 million] tranche under the so-called Danish model to support the production of domestically made weapons, including artillery systems, strike drones, missiles, and anti-tank systems, Defense Minister Rustem Umerov announced on June 5.

5 June 2025, 01:45 PM

Berlin urges EU rethink Kremlin frozen assets use

The European Union should reconsider how to use the hundreds of billions of frozen Russian assets to finance Ukraine, German Chancellery head Thorsten Frei said, Bloomberg reported on May 31.

2 June 2025, 11:30 AM

Merz aide Frei calls for reexamining Russian asset confiscation, cites war damage

Thorsten Frei, head of the German Chancellery, called for a thorough reexamination of confiscating frozen Russian assets to support Ukraine’s defense, citing Russia’s refusal to seek peace and the war’s devastating toll, in an interview with Frankfurter Allgemeine Sonntagszeitung on May 31.

1 June 2025, 12:55 PM

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