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

Mace | 15th December 2025 | Brussels, Kyiv, Uncategorised

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...

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