US EditionEU Must 'Explore All Avenues' on Using Russian Assets: Kallas
The EU debates using 200 billion euros in frozen assets to support Ukraine, facing Belgium's opposition over legal and financial risks, after Russia's 2022 invasion.
- On Saturday, EU foreign policy chief Kaja Kallas urged the bloc to consider all options to maximise the use of Russian frozen central bank assets to help Ukraine, noting opposition means likely no movement in the near future while urging risk mitigation.
- Some 200 billion euros of Russian central bank assets were frozen by the European Union, with the majority held by Euroclear in Belgium, and last year the EU and its G7 partners used interest from those assets to back a $50 billion loan to Ukraine.
- `Belgium is against any confiscation,' Prevot said, warning that changing the investment strategy could raise legal, financial and judicial risk concerns for Belgium.
- Hawkish EU states press to confiscate Russian assets or invest them for Ukraine, with Ursula von der Leyen urging on Saturday that Russia must fully compensate Ukraine first.
- The violence underscores stakes as EU diplomats debate asset use, as a massive overnight Russian attack on August 30, 2025, killed at least one person and damaged multiple cities.
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The Korea HeraldEU must 'explore all avenues' on using Russian assets: Kallas
COPENHAGEN: EU foreign policy chief Kaja Kallas said Saturday the bloc should consider all options on how to maximise the use of Russian frozen assets to help Ukraine, in the face of opposition from key player Belgium. © New Straits Times Press (M) Bhd
In Brussels there are many billions of Russian assets. Ukraine wants the money. Brussels has other plans.
EU must 'explore all avenues' on using Russian assets – Kallas
COPENHAGEN, Denmark — EU foreign policy chief Kaja Kallas said Saturday the bloc should consider all options on how to maximize the use of Russian frozen assets to help Ukraine, in the face of opposition from key player Belgium. The EU froze some 200 billion euros of Russian central bank assets after the 2022 invasion of Ukraine, the vast majority of which are held by the international deposit organization Euroclear in Belgium. READ: Over $8B of…
Meeting in Copenhagen - Eu High Representative Calls for New Ways to Deal with Frozen Russian Assets
Against the background of Russia's continuing wave of attacks against Ukraine, EU High Representative Kallas has called for new ways of dealing with frozen Russian assets.
The European Union must explore all possible ways to make the best use of Russian assets frozen in Europe, in order to strengthen its support for Ukraine invaded by Russia, declared Saturday the chief of diplomacy of the European bloc Kaja Kallas. ...
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