Reeves Urges EU To Seize Frozen Russian Assets For Ukraine

Published 3h ago · Diplomacy

Affects United Kingdom and Ukraine

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Rachel Reeves urged the European Union to seize frozen Russian assets to back Ukraine.

Rachel Reeves has called on European Union leaders to immediately confiscate frozen Russian assets worth £175 billion to support Ukraine. This intervention marks her first major public address since departing from government service. The appeal comes amid growing diplomatic pressure from the United States regarding potential peace negotiations.

  • The amount£175 billion of Russian assets are currently held in Western jurisdictions.
  • The timingThe appeal coincides with external pressure on Kyiv to negotiate a settlement.
Why it matters

The debate over confiscating sovereign Russian assets frozen abroad has intensified as Western allies seek long-term funding solutions for Ukraine's defense and reconstruction while navigating complex legal and financial risks.

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£175BRussian assets
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Rachel Reeves called on the European Union to seize frozen Russian assets to aid Ukraine.

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