LeadStory

Will EU use frozen Russian assets for Ukraine loan?

Asked 5 hours ago

Answer

The EU has decided not to use frozen Russian assets directly for Ukraine due to legal and financial risks, opting instead for a joint loan. Most assets remain frozen indefinitely, with ongoing debate and legal challenges. Some leaders support using the assets for reparations, but consensus and guarantees are required before any move.

Now Playing

Reuters

EU agrees $105 bln Ukraine loan, but won't use frozen Russian assets

Reuters · Just In
Reuters
Reuters
Just In
  • EU approves 90 billion euro loan for Ukraine's defence and economy
  • Loan funded by joint EU borrowing, with conditions from some members 17s
  • Hungary criticises loan, warns of increased tensions with Moscow 28s
  • EU rejects using frozen Russian assets due to legal risks 34s
  • Frozen Russian assets to remain immobilised for Ukraine's recovery 52s

References

EU agrees $105 bln Ukraine loan, but won't use frozen Russian assets
Icon
Reuters
6 hours ago
EU agrees $105 bln Ukraine loan, but won't use frozen Russian assets

The EU chose a loan over the initial plan to use frozen Russian central bank assets, citing legal and financial risks, and the assets will remain frozen for now.

EU leaders urge swift decision on frozen Russian funds for Ukraine
Icon
France 24
20 hours ago
EU leaders urge swift decision on frozen Russian funds for Ukraine

EU leaders are divided on whether and how to use €210 billion in frozen Russian assets for Ukraine, with Belgium demanding collective responsibility and legal clarity before any decision.

EU leaders to vote on Ukraine loan backed by frozen Russian assets
Icon
Al Jazeera
1 day ago
EU leaders to vote on Ukraine loan backed by frozen Russian assets

Euroclear warned using Russian assets as a loan for Ukraine could be illegal confiscation and destabilize the financial system; Belgium has rejected the plan without guarantees.

How Russia strikes back at EU asset seizure scheme
Icon
DW News
3 days ago
How Russia strikes back at EU asset seizure scheme

The European Commission proposes borrowing against €210 billion in frozen Russian assets for Ukraine, but legal and financial risks remain, and Belgium demands binding guarantees.

Russian frozen assets — the EU is finally playing hardball
Icon
Euronews
4 days ago
Russian frozen assets — the EU is finally playing hardball

Russian assets are now frozen indefinitely; unfreezing them requires a majority vote, and the EU is preparing for a summit to raise funds for Ukraine, but direct use of assets is not confirmed.

EU locking in Russian assets for good
Icon
Euronews
6 days ago
EU locking in Russian assets for good

The EU has decided to indefinitely immobilize Russian assets worth €210 billion, mainly at Euroclear in Brussels, following months of debate and criticism.

What Are People Asking?