EU foreign ministers renew prospect of Russian asset seizure
Letter acknowledges solution cannot place undue financial risks on any member state
European Union foreign ministers are making a renewed push to use frozen Russian assets held at Euroclear to fund Ukraine’s defence.
In a letter dated August 27, the foreign ministers of Sweden, Poland, the Netherlands and Spain called for the European Commission’s technical experts “to explore, in close consultation with member states, new options on how to use the immobilised assets for the benefit of Ukraine”. The letter was first published, in draft form, on August 26 by the Kyiv Independent
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