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Sweden Pushes EU to Press On With Ukraine Frozen Asset Proposal

Summary by Bloomberg
Swedish Finance Minister Elisabeth Svantesson said the European Union must move ahead with a proposal to deploy frozen Russian central bank assets for Ukraine, given a lack of other options.

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Slovenia, like most other member states, supports the use of frozen Russian assets to finance further support for Ukraine, according to Finance Minister Klemen Boštjančič. However, "a number of complex legal questions" will need to be answered before this can happen, Boštjančič said ahead of a meeting of EU finance ministers in Luxembourg.

Sweden's Finance Minister Elisabeth Svanthesson said the European Union should push ahead with a proposal to use frozen Russian assets for Ukraine given the lack of other options.

The European Commission wants more time for Russian assets deposited in Belgium and the European Central Bank to be used to finance a huge loan for Ukraine. Russian assets (number, shares, liabilities, etc.) blocked in Europe are estimated at € 210 billion. To date, Europeans have only made use of all these Russian billions.The European Commission President Ursula von der Leyen, however, now proposes direct use of these assets, or at least one p…

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The Ministers of Finance of the Twenty-Seven will come down this Friday to the detail of how to design a credit so that Ukraine can be financed using the Russian assets frozen by the sanctions that the EU has applied to Moscow for the war it launched in 2022 against Kiev. The plans that the European Commission has designed for now have the rejection of Belgium, the country that hosts Euroclear, the company in which the billions of euros that the…

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TotalNews Agency USA Español broke the news in on Friday, October 10, 2025.
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