Estonia Urges EU to Seize Russian Central Bank Assets This Year
- EU, G-7 discussing how to use the funding to help Ukraine
- ‘If we wait too long, it could be too late,’ official says
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Estonia is pushing the European Union to seize more than €150 billion ($162 billion) of frozen Russian assets before the end of the year in an effort to lock in lasting policies that stretch beyond the US election cycle.
EU leaders have sounded the alarm after comments by Donald Trump, the Republican front-runner to return to the presidency, revived worries about the US’s commitment to NATO. Trump’s intervention over immigration policies in Congress has also imperiled $60 billion in US aid to Ukraine, which is desperately needed to repel Russia’s military campaign.