EU plans to channel Russia’s frozen assets into Ukraine aid without seizure
Global Affairs
EU plans to channel Russia’s frozen assets into Ukraine aid without seizure
The proposal would use cash balances from Russian sovereign bonds, frozen since the 2022 invasion and now held at Euroclear, to back zero-interest EU bonds or a special-purpose vehicle. The proceeds would then be channelled to Ukraine to cover its pressing financial needs.
By Chrispho Owuor