EU Takes a Fresh Look at Confiscating Russia’s Frozen Assets
- Several nations remain concerned about a full seizure
- Bloc discussing ways to boost financial support for Ukraine
Ukrainian servicemen at a front line position in Donetsk region, Ukraine, in September.
Photographer: Genya Savilov/AFP/Getty ImagesThis article is for subscribers only.
The European Union is assessing the legal and financial implications of confiscating Russia’s sanctioned central bank assets for use by Ukraine, according to people familiar with the matter.
The bloc’s diplomatic service, as well as some member states, are examining whether judicial decisions would be needed as a legal basis to seize the frozen assets, or if a damage calculation would be enough, said the people, who asked for anonymity to discuss the sensitive issue.