Around €200 billion in frozen Russian assets are held in Europe, mostly at Belgium-based Euroclear
Sweden is pushing to revive debate over using immobilised Russian assets to fund Ukraine, as Kyiv warns of a €23.5 billion funding shortfall.
Maria Malmer Stenergard, Sweden’s foreign minister, said she intends to put the issue back on the table as 2027 approaches, warning that bilateral support for Ukraine is declining as countries increasingly rely on the EU’s financing package.
“I’m quite frustrated that bilateral support [to Ukraine] is more or less going down and countries tend to refer to the EU loan,” Malmer Stenergard told Euractiv on the sidelines of Monday’s meeting of the Coalition of the Willing in Kyiv.
She said EU support was insufficient and argued that if bilateral aid continued to fall, immobilised Russian assets should be used to help fund Ukraine and ease the burden on taxpayers.
