frozen Russian assets

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

G7 to use frozen Russian assets for Ukraine’s defense needs

Ukraine has signed a framework agreement with the United Kingdom to receive $3 billion as part of the G7’s Extraordinary Revenue Acceleration (ERA) initiative, the Ukrainian Defense Ministry announced on May 27.

27 May 2025, 03:40 PM

G7: No thaw for Russia’s frozen assets until Ukraine is repaid

Russia’s sovereign assets will remain immobilized until Moscow ends its aggression against Ukraine and pays for the damage it has caused, the Group of Seven (G7) Finance Ministers and Central Bank Governors stated in their May 22 communique after the meeting in Banff, Canada.

23 May 2025, 10:28 AM

EU must go beyond comfort zone to hurt Putin, Berlin says

Europe must step "out of its comfort zone" and consider much tougher sanctions on Russia, including bans on gas and uranium, the use of frozen Russian assets, Thorsten Frei, new German chancellery chief told Reuters on May 22.

22 May 2025, 01:44 PM

EU to spend $1 billion on arms for Ukraine using Russian asset profits

The European Union will allocate an additional €900 million ($1 billion) to purchase weapons for Ukraine using windfall profits from frozen Russian assets, Charles Fries, deputy secretary general of the EU External Action Service, announced at the second Ukraine-EU Defense Industry Forum in Brussels, news agency Interfax-Ukraine reported on May 12.

12 May 2025, 05:30 PM

EU funnels $1.1 billion of Russian assets into Ukraine’s defense industry

EU has directed EUR1 billion ($1.13 billion) generated from frozen Russian assets towards placing orders with Ukraine’s defense contractors, Defense Minister Rustem Umerov said on May 9.

10 May 2025, 12:58 AM

Europe prepares to dip into frozen Russian cash

Belgian clearing house Euroclear plans to distribute around EUR3 billion ($3.4 billion) worth of frozen Russian assets to Western investors who had their property confiscated by the Kremlin, Reuters reported on May 2.

2 May 2025, 10:21 PM

Europe eyes Russian money to rebuild Ukraine and challenge Putin’s grip on power

Rebuilding Ukraine after Russia’s war will cost an estimated 400 billion pounds, political scientist and Eastern Europe expert Mark Galeotti wrote in The Sunday Times on April 27 2025.

27 April 2025, 05:37 PM

Ukraine closes 2025 funding gap, eyes 2026 stability

Ukraine's external financing needs for 2025 have been fully secured, Finance Minister Serhii Marchenko said on April 24.

25 April 2025, 10:25 AM

UK’s new $990 million Ukraine aid package funded by Russian assets

The United Kingdom has provided Ukraine with a second tranche of military aid worth GBP752 million ($990 million) secured by revenues from frozen Russian assets, HM Treasury announced on April 14.

14 April 2025, 10:27 PM

EU boosts Ukraine’s defense industry with funds secured by frozen Russian assets

One billion euros ($1.14 billion) )out of the European Union’s €2.1 billion ($2.4 billion) tranche derived from the frozen Russian sovereign assets will be allocated to the Ukrainian defense industry, the EU Ambassador to Kyiv, Katarina Mathernova, said in an interview with the Interfax-Ukraine news agency published on April 10.

11 April 2025, 12:06 PM

EU to provide Ukraine additional $2.3 billion from frozen Russian assets

The European Union will soon provide the Ukrainian government with EUR2.1 billion ($2.3 billion) in funding derived from Russian sovereign assets frozen in the bloc, EU’s High Representative for Foreign Affairs and Security Policy, Kaja Kallas, said on April 9.

10 April 2025, 12:49 AM

Ukraine hopes to access frozen Russian assets by 2026 to fund reconstruction and cover budget needs — NBU

Ukraine hopes to begin receiving external financing in 2026, including funds from the principal of Russian frozen assets, NBU head Andrii Pushnyi wrote on Facebook on April 8.

9 April 2025, 11:43 AM

Over $32 billion in Russian assets remain frozen in UK

The UK government has frozen more than $32 billion in Russian assets since Moscow launched its full-scale invasion of Ukraine in February 2022, HM Treasury announced March 21.

22 March 2025, 12:48 AM

EU decides against seizing Russian assets

The European Union ruled out seizing frozen assets of Russia’s central bank, in a statement posted on the European Council website on March 20.

20 March 2025, 10:14 PM

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