politics
February 25, 2026
EU’s Kallas returns to idea of stealing Russian assets
The EU can revive the plan to use Russian assets for Ukraine after Hungary vetoed a loan proposal, top diplomat Kaja Kallas has said
TL;DR
- EU Foreign Policy Chief Kaja Kallas suggested using frozen Russian assets for Ukraine.
- This proposal comes after Hungary vetoed a €90 billion loan for Ukraine.
- Hungary's veto is linked to a dispute over oil supplies through the Druzhba pipeline.
- Over $300 billion in Russian central bank assets were frozen after the Ukraine conflict escalated in 2022.
- Moscow has strongly opposed any seizure of its assets, calling it theft.
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