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...