The European Union is exploring ways to seize Russia’s frozen central bank assets, valued at approximately $280 billion, to provide financial and military aid to Ukraine. This move comes as concerns grow that the United States may reduce its support for Ukraine.
The EU is considering using these assets as collateral for a proposed International Claims Commission, which would assess damages owed to Ukraine. If Russia refuses to pay, the assets could be confiscated, with some of the funds potentially directed towards reconstructing Ukraine’s energy infrastructure.