Italy Joins Belgium in Challenging EU Plan to Use Frozen Russian Assets

Mace | 15th December 2025 | Brussels, Kyiv, Uncategorised
Giorgia_Meloni_(2023)

Italy aligns with Belgium to oppose Brussels’ plan to deploy frozen Russian assets for Ukraine, complicating efforts ahead of key EU summit.

Italy has stepped into the front line of opposition to the European Commission’s plan to deploy Russia’s frozen sovereign assets for Ukraine, aligning itself with Belgium in a move that complicates Brussels’ efforts to secure political backing ahead of a crucial EU leaders’ summit. Rome’s intervention marks a significant escalation, given Italy’s weight as the bloc’s third largest member state by population and voting power, and comes days before EU leaders meet to discuss long term financial support for Kyiv. The European Commission has been pressing member states to agree on a scheme that would allow the EU to use roughly €210 billion of immobilised Russian reserves to support Ukraine’s economy. Most of the funds are held at the Euroclear clearing house in Belgium, making Brussels particularly exposed to legal and financial risks. The plan is intended to be finalised at the European Council meeting on 18 and 19 December, where leaders are expected to confront mounting divisions. Belg...

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.



UK Budget 2026: How does Healey plan to help young people?

Ella Beadman | October 30, 2026

Healey’s 2026 Budget offers some support for young people through apprenticeships, entrepreneurship and home ownership, but with more policies yet to be revealed, much remains uncertain.

Excellera buys Brussels public affairs firm

Mace | October 22, 2026

Excellera, the EMEA-focused corporate affairs consultancy, has made its latest acquisition, picking up Fourtold, the Brussels-based public affairs and policy comms firm.

Ukraine’s Anti-Corruption Drive Faces Fresh Test as Major Investigations Advance

Anna Bryzhko | October 20, 2026

October developments in investigations into defence procurement and a former deputy prime minister have renewed scrutiny of Ukraine’s anti-corruption institutions as Kyiv pursues EU membership.

Trump’s Russian Diesel Deal: A Turning Point in US Policy Towards Moscow? 

Anna Bryzhko | October 15, 2026

The US says its Russian diesel deal is about bringing down fuel prices. But for Ukraine and America’s European allies, the move raises a bigger concern: whether Washington

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

Don’t mention the B word: Andy Burnham brings Brexit back into national conversation 

Lucy Carrier-Pilkington | September 30, 2026

Andy Burnham has reignited debate over Brexit renegotiations following comments at the Labour Party conference on Tuesday and on the Today programme on Wednesday morning.