Sweden, the Netherlands, Spain, and Poland plan to urge the European Commission to resume work on a mechanism to utilize over €200 billion in frozen Russian assets for Ukraine funding.
Date note: Report published on 2026-08-27 citing plans for a letter to be sent on this date.
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Four EU countries plan to urge the European Commission to resume work on using frozen Russian assets for Ukraine.
Sweden, the Netherlands, Spain, and Poland are pushing Brussels to revive a stalled plan to use frozen Russian assets to finance Ukraine.
The plan to use frozen Russian assets collapsed in December after Belgium objected.
Almost all of the €210 billion in Russian assets frozen in Europe are held at Euroclear.
The EU agreed to provide Ukraine with a €90 billion loan backed by the bloc's budget.
Volodymyr Zelenskyy stated the defense ministry faces a €23.1 billion funding gap.
Ukraine shifted spending from the second half of the year to the first six months to fund strikes against Russian military positions.
Ukraine needs about €6 billion in advance payments for weapons deliveries planned for early 2027.
Maria Malmer Stenergard stated it is a fair and reasonable way to ensure Ukraine can defend itself.
Zelensky has asked the EU to accelerate part of the €90 billion loan.
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