Skip to content

EU Studies Use of Russian Central Bank Assets to Rebuild Ukraine

  • Legal experts tasked to look into possible options, people say
  • Focus is on how to seize part of frozen $300 billion reserves
The headquarters of Bank Rossii, Russia's central bank, in Moscow.

The headquarters of Bank Rossii, Russia's central bank, in Moscow.

Source: Bloomberg

Updated on

The European Union is studying the feasibility of using billions of euros worth of Russian central bank assets already frozen by member states to help with Ukraine’s reconstruction efforts, according to people familiar with the matter.

The discussions are at an early stage and legal experts have been recently tasked to look into possible options, the people said, asking not to be identified discussing confidential matters. Assessing whether or how to take control of the assets is extremely complex and potentially legally fraught.