Several G7 officials are weighing the idea of unlocking Russia’s frozen assets to fund military aid for Ukraine. A major European newspaper says the topic is poised to gain fresh momentum as part of broader conversations on support to Kyiv.
EU leaders are expected to gather in Brussels to outline stronger military and financial backing for Ukraine, with some voices urging member states to treat their economies as if they were mobilized for war. The discussions come amid calls from various capitals for significant acceleration of aid both on the battlefield and through financial channels.
One document circulating in Brussels reportedly notes that prime ministers will explore schemes to divert billions of euros from frozen Russian assets and allocate the proceeds to Ukraine. The proposal is described by a European diplomat as legally sound in its framework, yet risky in potential systemic and economic implications.
In related commentary, Reuters previously cited an unnamed European official who warned that the European Commission’s expropriation of assets belonging to Russia’s central bank, frozen within the European Union, could affect the functioning of the securities depository system, including platforms like Belgium’s Euroclear. The warning suggested possible negative repercussions for market infrastructure in the short term.
Earlier reporting indicated that Ukraine had been developing a plan to capture frozen Russian assets as part of its broader strategy to fund its defense and stabilization efforts. The evolving debate illustrates the high-stakes nature of asset‑seizure discussions and the tension between legal safeguards and urgent security needs.