**European Powers Consider Seizing Russian Assets**
France, Germany, and the UK are talking about taking control of over 200 billion euro ($210 billion) in frozen Russian assets. This move is part of efforts to negotiate a ceasefire in Ukraine.
The three countries had previously been hesitant to take all of Russia’s frozen assets. However, they are now discussing possible ways to use these funds with European and G7 partners. A proposal suggests seizing the assets if Moscow breaks a future ceasefire agreement, ensuring security for Kyiv.
Diplomatic activity has increased in recent weeks, with France and the UK leading efforts to draft a European peace plan. The US has also launched direct negotiations with Russia aimed at ending the war.
Since 2022, G7 nations have frozen around 300 billion euro ($310 billion) in Russian central bank assets. Only the interest generated by these funds is currently being used to back a $50 billion loan package for Ukraine, while the principal remains untouched.
Ukraine and other countries had long pushed for the full confiscation of these assets. However, major European capitals had resisted due to concerns about international legal precedents and financial stability.
**Changing Attitudes**
Shifting political dynamics appear to be changing the debate. French President Emmanuel Macron has suggested that the assets could be part of post-war negotiations. Germany’s likely next chancellor, Friedrich Merz, has signaled openness to asset seizure.
In the UK, Prime Minister Keir Starmer confirmed that London is examining ways to deploy the funds. While profits from Russian sovereign assets are already being used to support Ukraine, the fate of the principal remains complex.
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