#Frozen Assets

EU Commissioner Dombrovskis stated on November 9 that frozen Russian assets in the EU will remain frozen until Ukraine receives reparations, and in case of non-payment, Brussels reserves the right to use them.

Belgian Prime Minister Bart de Wever stated in parliament that the European Commission will not propose new operations with frozen Russian assets to help Ukraine, a stance confirmed in Brussels.

The EU plans to discuss additional contributions to support Ukraine—which may face a 70 billion euro shortfall in 2027—at summits with Canada (October 29–30) and the UK (November 20). Brussels is also considering new borrowing and the use of frozen Russian assets.

The Financial Times reports that the US has proposed including Russian assets frozen in Europe in a Ukraine peace agreement, transferring a portion to a fund controlled by Washington. Europe has rejected the plan.

The European Commission has begun assessing Ukraine's funding shortfall against the backdrop of a renewed debate on frozen Russian assets. Brussels calls the €90 billion loan its priority, but work on the assets continues.

Belgian Defence Minister Theo Francken stated that Brussels is categorically opposed to using frozen Russian assets for Ukraine: "the door is closed." The statement came amid pressure from Sweden, Poland, the Netherlands, Spain and the Baltic states.

The European Union is preparing an autumn sanctions package against Russia, which could include around 1,600 individuals and legal entities. The issue will be discussed at the foreign ministers' meeting on September 1–2 in Ireland, with adoption expected in mid-October.

Sweden, the Netherlands, Spain and Poland have sent a joint letter to the European Commission calling for the resumption of work on transferring more than €200 billion in frozen Russian assets to Ukraine and bypassing the Belgian veto.

The head of Iran's Central Bank stated that not a single frozen asset abroad has been unblocked after the expiry of the Islamabad Memorandum with the US. Estimates of the value of the blocked funds exceed 100 billion dollars.

🚨 Former EU and US leaders have called for the confiscation of 210 billion euros in Russian assets. The initiative is linked to Belgium's refusal in 2025 and fears regarding the elections in France. 🇪🇺 The authors of the statement fear that the 'window of opportunity' will close if Le Pen's supporters come to power. 🇺🇸 Special emphasis is placed on Donald Trump's plans: the 'peace plan' of 2025 features a clause on transferring 100 billion in assets under US control. 🇩🇪 In Germany, the initiative will help neutralize the far-right AfD's arguments about financing the war.

🇺🇸 Donald Trump stated that damage to commercial ships from Iranian strikes will be compensated using frozen Iranian assets. 🚢💰 US attacks have continued for 13 nights in a row. #Iran #USA #Trump