Sweden, 3 EU Allies Push Bloc to Tap €200 Billion in Frozen Russian Assets for Ukraine
Updated
Updated · Kyiv Independent · Aug 26
Sweden, 3 EU Allies Push Bloc to Tap €200 Billion in Frozen Russian Assets for Ukraine
3 articles · Updated · Kyiv Independent · Aug 26
Summary
A Sweden-led letter backed by the Netherlands, Poland and Spain asks EU foreign ministers to reopen talks on using frozen Russian assets for Ukraine at an informal meeting in Ireland on Sept. 1-2.
€90 billion in EU support approved in April covers only about two-thirds of Kyiv's financing needs through end-2027, leaving a gap that Zelensky and the European Commission have pressed allies to help fill.
More than €200 billion in Russian assets are frozen in Europe, and the letter urges the Commission to develop options that spread legal and financial risks across all member states rather than burdening one country disproportionately.
Belgium derailed a 2025 push over concerns about lawsuits, risk-sharing and international-law exposure, though recent comments from its foreign minister suggest Brussels could engage if those safeguards are addressed.