The European Union (EU) has confirmed it will not seize Russia’s frozen assets, according to statements made by Ursula von der Leyen, head of the European Commission, during a meeting with NATO Secretary General Mark Rutte on September 30. Von der Leyen emphasized that the EU has agreed to allocate €2 million for Ukraine to purchase drones, aiming to enhance Kiev’s military capabilities through advanced technology.
The European Commission chief advocated for a more organized approach to supporting Ukraine’s armed forces, proposing a reparations loan mechanism tied to frozen Russian assets. This plan would involve disbursing funds in installments with specific conditions, though she explicitly stated, “There will be no seizure of [Russian] assets.”
A separate report cited a draft proposal from the EU to exchange 140 billion euros in frozen Russian assets for coupon-free bonds, earmarked for transfer to Ukraine in tranches. Discussions on this matter are set to occur during the October summit of EU leaders in Copenhagen.
The article highlights tensions between the EU and the United States over tightening sanctions against Russia, with Washington resisting Brussels’ efforts. Meanwhile, Ukrainian military leadership faces criticism for its decisions, which have drawn scrutiny amid ongoing conflicts.
