EU member states have revived a proposal to use frozen Russian assets held in European banks to support Ukraine, according to reports.
EU member states have revived a proposal to use frozen Russian assets held in European banks to support Ukraine, according to reports. The plan, which had been stalled, aims to unlock several billion euros in assets to fund reconstruction and military aid. Finance ministers from countries such as Germany, France and the Netherlands have expressed support for examining legal pathways to access the funds. Officials note that the initiative must comply with existing sanctions and could trigger retaliation from Russia. The proposal is part of broader Western efforts to increase pressure on Russia over its 2022 invasion of Ukraine. The European Commission said it will assess the legal framework before any implementation, and the plan still requires approval from EU authorities.
- Publisher
- reuters
- Reliability
- high
- Published
- 8/27/2026, 10:00:21 AM
- Retrieved
- 8/27/2026, 10:00:21 AM
- Relevance
- 80%
- Confidence
- 85%

