EU Countries Renew Pressure to Unlock Frozen Russian Assets
What Happened
A group of EU countries including Sweden, the Netherlands, Spain and Poland is urging Brussels to restart efforts to use frozen Russian sovereign assets to help finance Ukraine, according to a Financial Times report. A joint letter is expected to ask the European Commission to revive plans involving Russian central bank funds immobilised since Moscow's invasion of Ukraine.
Key Takeaways
The move reflects growing concern that Ukraine may require additional financial support beyond existing EU-backed loans. However, the proposal remains contentious, with legal, financial and political hurdles still standing in the way of directly using frozen Russian assets.