FM Sybiha thanks four countries for urging European Commission to use frozen Russian assets for Ukraine
At the same time, Ukraine faces rising defense spending and growing reconstruction needs, creating an additional financial gap.
According to the Ukrainian minister, Ukraine should cover this gap not only with money from European taxpayers, but also with Russian assets.
The head of Ukraine's Foreign Ministry also stressed the need for a professional discussion of the issue. He expects experts to develop realistic mechanisms that comply with:
According to Sybiha, countries can jointly reduce and share the potential risks of such a decision so that the additional burden does not fall unfairly on individual EU members.
"I look forward to our discussions with EU colleagues next week to examine paths forward," Sybiha added.
It should be noted that the Financial Times reported earlier that EU countries, including Sweden, the Netherlands, Spain, and Poland, want Brussels to renew efforts to use frozen Russian sovereign assets to finance Ukraine.
In a letter to the European Commission from a coalition of countries, the states will call on the EU executive body to resume work on the concept and seek clarification on the progress in developing alternative legal and technical mechanisms that would allow bypassing Belgium's veto.
"It is time to start a new discussion on how we can continue to use Russia's frozen assets for the benefit of Ukraine and ourselves," Swedish Foreign Minister Maria Malmer Stenergard said.
Background
At the end of September 2025, the European Commission sent EU member states a document proposing the use of frozen Russian assets to finance a new 140 billion euro loan for Ukraine.
However, after discussions at a European Council meeting on October 23, EU leaders amended the draft conclusions in the section on frozen Russian assets, removing a direct reference to the EU plan to use Russian assets for financial and military support for Ukraine in 2026-2027.
It later became known that Belgium had demanded stronger guarantees and had not supported providing Ukraine with a 140 billion-euro "reparations loan." The European Union postponed its decision on the use of frozen Russian assets to help Ukraine until December 2025.
At the same time, President Volodymyr Zelenskyi called the EU leaders' decision to use frozen Russian assets to support Ukraine a "positive signal." The head of state expects a practical decision to be adopted by the end of 2025.
In December 2025, reports said the United Kingdom was preparing to transfer £8 billion, or more than 10.6 billion euros, from frozen Russian assets to Ukraine, which could cover most of the country's financial needs for the next two years.
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29 of August 2026
