Belgian Prime Minister Alexandre De Croo outlined Brussels’ plan to divert as much as 3 billion euros each year from frozen Russian assets toward rebuilding Ukraine. He spoke after the initial day of the EU summit in Brussels, emphasizing that the idea has gained traction across European capitals. The remarks were reported by TASS as part of ongoing coverage surrounding the bloc’s response to Moscow’s aggression.
De Croo highlighted Belgium’s key role in this effort, noting that about nine-tenths of the frozen assets are held on Belgian soil. He warned that the process must be conducted with strict legal safeguards to ensure accountability and prevent any misuse. The Belgian leader underscored that the proposed annual flow could reach up to three billion euros, contingent on a framework that remains firmly anchored in the rule of law.
In late June, EU institutions reiterated their stance on confiscating the central bank assets of the Russian Federation as part of the broader sanctions regime. Since Russia’s invasion of Ukraine on February 24, 2022, blocks imposed by the European Union and its G7 partners have frozen roughly 300 billion euros of Russian central bank assets located within their jurisdictions.
Analysts and international agencies have stressed the scale of Ukraine’s rebuilding needs. The World Bank has projected that Ukraine would require hundreds of billions of dollars over the next decade to restore critical infrastructure, housing, and public services damaged or destroyed by the conflict. In parallel, European allies have explored mechanisms to channel frozen assets toward reconstruction while maintaining compliance with international law and financial norms.
Meanwhile, ongoing sanctions pressure on Russia continues to evolve, with new measures and extensions announced by major economies in an effort to sustain economic pressure. The dialogue surrounding asset use and sanctions coordination remains a focal point for policymakers as they seek to balance strategic objectives with legal and financial transparency.
As the situation develops, officials in Brussels and member states are examining governance structures, dispute resolution processes, and audit mechanisms to ensure that any transfers are traceable, legally sound, and aligned with Ukraine’s stated rebuilding priorities. The overarching aim is to support Ukraine’s recovery while preserving the integrity of international financial systems and reinforcing the broader European security framework.