EU Locks Russian Assets in Long-Term Freeze to Secure Support for Ukraine

The European Union has moved to indefinitely freeze billions of euros in Russian state assets, a step designed to prevent individual member states from blocking their future use to support Ukraine.

The decision follows growing frustration in Brussels over repeated objections from Hungary and Slovakia, which have opposed proposals to channel proceeds from frozen Russian funds toward Ukraine’s defense and reconstruction. By extending the freeze indefinitely, EU officials aim to ensure the assets remain beyond the reach of vetoes while legal and financial mechanisms are finalized.

Officials say the move does not immediately transfer the assets to Ukraine but preserves them under EU control, allowing interest or future revenues to be used in support of Kyiv without reopening politically divisive votes. The assets, largely held in European financial institutions, were frozen after Russia’s full-scale invasion of Ukraine.

Supporters of the move argue it strengthens the EU’s long-term commitment to Ukraine while maintaining unity among member states with differing political views. Critics, however, warn that the strategy could deepen internal divisions and raise legal challenges over property rights and international law.

Hungary and Slovakia have voiced concerns that using Russian assets could escalate tensions with Moscow and expose European institutions to legal retaliation. Despite these objections, EU leaders insist the indefinite freeze is necessary to maintain leverage and provide sustained assistance to Ukraine.

The measure underscores the bloc’s determination to keep pressure on Russia while navigating internal disagreements that have increasingly shaped Europe’s response to the war.

Author: M.J