EU Deliberates Use of Frozen Russian Assets to Fund Ukraine: Plans, Concerns, and Delays
The European Union is poised to utilize approximately $232 billion in frozen Russian central bank assets to provide sustainable funding for Ukraine, aiming for a political agreement at the upcoming Brussels summit. This strategy, driven by diminishing alternative financing, would see Ukraine receive about $163 billion in loans, repayable only upon Russian compensation for war damages. The EU plan avoids outright asset seizure to mitigate potential retaliation, instead using safeguards through Euroclear. Concurrently, discussions will address additional sanctions on Russian energy revenues and the bloc’s new sanctions package, including a potential 2027 LNG import ban.
John Q. Hosedrinker