EU Weighs Seizing Frozen Russian Assets to Fund Ukraine’s Reconstruction

Mace | 26th February 2025 | Kyiv, Uncategorised
European,Parliament,Building,In,Brussels.,Glass,Facade.

EU eyes €200 billion in frozen Russian assets to rebuild Ukraine—risking legal battles and global financial shockwaves.

EU Debates Seizing Frozen Russian Assets to Fund Ukraine’s Reconstruction The European Union is intensifying deliberations over the potential seizure of more than €200 billion in frozen Russian assets to finance Ukraine’s reconstruction, a move that could reshape international financial norms and strain diplomatic ties with global powers. Since Russia’s full-scale invasion of Ukraine in 2022, approximately €200 billion in Russian central bank assets have been immobilised by the EU, primarily held by Euroclear, a Brussels-based financial clearinghouse. The interest generated by these assets—estimated at billions annually—is now being considered as a source of funding for Ukraine’s rebuilding. Proposals under review focus on utilising profits from these frozen assets to aid Ukraine without confiscating the principal funds. This approach is intended to minimise legal risks while providing essential financial support. However, some EU policymakers have called for more assertive measures, a...

Subscribe to The Mace

Join the member community shaping British politics and stay ahead of what's really happening in the world of politics and public affairs, with expert analysis, breaking news, and insider insights from Westminster and Brussels. The Mace is the leading news source and resource for the government affairs industry, offering required reading and lobby intelligence for professionals.

To see what you are missing out on by not subscribing to The Mace, click here to download our full membership info-pack. This includes having no paywall on op-ed content or profiles/interviews, allowing professional profiles to be read with maximum impact and visibility by government, special advisers, MPs, peers, civil servants, and policy and political decision-makers.



The changing fortunes of Ukraine’s oligarchs

Anna Bryzhko | October 13, 2026

Ferrexpo’s $100m fundraising highlights the changing relationship between Ukraine’s business elite and the state, as war, economic disruption and institutional reforms reshape the country’s political and commercial landscape.

Business under pressure: What Ukraine’s resilience reveals about Britain’s new security risks

Anna Bryzhko | October 8, 2026

As Britain brings business leaders into Whitehall for briefings on Russian threats, Ukraine offers an extreme case study in how companies keep operating when power, logistics and digital

The legal war over Russia’s frozen billions 

Ella Beadman | October 7, 2026

Russia has opened a new legal front against the EU over its frozen sovereign reserves.

We need to talk about Kemi

Mace | October 5, 2026

In contrast to last year's Tory conference, Kemi Badenoch is coming out guns blazing, not the least when it comes to defence, says Flora Watkins

From battlefield to export market: Ukraine wants to turn wartime technology into a global industry

Anna Bryzhko | October 1, 2026

Ukraine’s wartime technology sector is moving beyond the battlefield, as the government looks to turn advances in defence tech, AI and digital infrastructure into exports, investment and international

Britain’s growing role in Ukraine’s reconstruction: From wartime aid to business opportunities

Anna Bryzhko | September 29, 2026

As the UK commits further funding to Ukraine’s reconstruction, British companies are expanding their involvement in energy, finance and defence, creating new opportunities for long-term economic cooperation.

Markus Leutert, Corporate Affairs, PerkinElmer – “Focus on outcomes, rather than outputs”

Mace | September 29, 2026

Leutert's career has included moments close to politics, including time as a speechwriter, but he concluded that he can have more impact behind the scenes.

Leader in UK Public Affairs: Dr Michelle Howard, Senior Advisor for Defence and Space, Lexington Communications: “The future of public affairs is full of promise for the creative”

Mace | September 16, 2026

Lexington’s Michelle Howard explains how an unconventional career spanning opera, journalism, hydropower and defence led her into public affairs, why political instability rewards creativity and listening, and what

Burnham went to Kyiv. Now comes the harder journey to Washington

Andriy Dovbenko | September 16, 2026

The Prime Minister’s first foreign visit was a welcome act of solidarity. But for Ukraine, British friendship will be judged by whether it can help unlock the air

Burnham vows support for Ukraine despite threats from Russia 

Ella Beadman | August 27, 2026

Andy Burnham has promised to keep the pressure on Russia despite Moscow’s “outrageous threats”, on his first official overseas visit to Ukraine as Prime Minister.