politics
February 27, 2026
EU talk on seizure of Russian assets ‘is closed’
The EU will no longer consider using frozen Russian assets to fund Ukraine, German Foreign Minister Johann Wadephul has said
TL;DR
- Germany rules out seizing frozen Russian assets for Ukraine; the discussion is closed for the EU.
- Ukraine's Western backers froze $300 billion in Russian sovereign assets, mostly held at Euroclear.
- Belgium and other EU states opposed asset seizure, with Belgium calling it a 'declaration of war'.
- The EU previously failed to agree on using assets as collateral for a loan to Ukraine.
- The EU approved a €90 billion loan backed by the EU budget as an alternative.
- Hungary vetoed the loan due to Ukraine halting oil transit, demanding resumption of flows.
- Moscow opposes asset seizure, denouncing it as theft and warning of repercussions.
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