EU To Announce Decision On Confiscation Of Frozen Russian Assets Within Two Weeks
- 9.12.2025, 8:21
- 1,472
The Times revealed the details.
European Union countries will announce their decision to confiscate frozen Russian assets as early as this week or next.
This is reported by The Times.
In particular, British Prime Minister Keir Starmer believes that an agreement to confiscate up to £100 billion worth of frozen Russian assets in Europe to help Ukraine will be reached in just a few days. He explains that this is because negotiations to end the war have reached a "critical stage."
The publication notes that on Monday Starmer sought with Ukrainian President Vladimir Zelensky, French leader Emmanuel Macron and German Chancellor Friedrich Merz to discuss US peace proposals.
But in addition, the leaders discussed the confiscation of Russian funds frozen in European bank accounts. The money could go either to fund the ongoing fighting or to pay for the country's reconstruction if a peace deal is struck.
"Subsequently, senior government sources expressed optimism that a deal was close and would be announced this week or next," The Times writes.
It also refers to the estimated £8 billion held in bank accounts in Britain.
The Times writes that the funding is seen as crucial leverage for the Europeans and Ukraine in peace talks led by US President Donald Trump.
It will provide a reliable source of funding for Ukraine to wage war for another two years, increasing pressure on Moscow at a time when European leaders are concerned that Kremlin chief Vladimir Putin is gaining the upper hand.
The assets are also seen as one of the few trump cards to prevent Washington from actually imposing any deal on Ukraine.
But Belgium, where most of Russia's frozen assets are known to be concentrated, has so far delayed the deal. The Belgian government opposes the transfer of funds for Ukraine because of concerns that it could find itself in a situation where it could be legally liable for an amount equal to a third of the country's annual GDP.
But still, a British government spokesman is optimistic.
"We hope to have a deal in place sometime next week," he said in comments to The Times.
After a meeting between the leaders of Britain, Ukraine, France and Germany, the source said the two sides discussed "the positive progress being made in using frozen Russian sovereign assets to support Ukraine's reconstruction."
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