The United States fully supports the European Union's intention to use frozen Russian assets as a tool to provide aid to Ukraine and pressure to end the war, Reuters and Ukrinform reported, quoted by BTA.
The European Commission has proposed a plan that would allow EU governments to use up to 185 billion euros of a total of about 210 billion euros of Russian state assets frozen in Europe without them being confiscated.
Washington "fully supports (the EU) and the steps it is currently taking to be able to use these assets as a tool," a US official told Reuters.
The implementation of the European proposal is currently stalled due to objections from Belgium, where these assets are stored.
Yesterday, Germany suggested that drones spotted over airports and military bases in Belgium in recent days were a message from Moscow not to touch the frozen assets. Russia has denied any connection to the incidents and has promised a "painful response" if its assets are confiscated.
Following Russia's full-scale invasion of Ukraine, the US and its allies have banned financial transactions with the Russian Central Bank and the Treasury and frozen around $300 billion in Russian state assets.
The EU has increased pressure on the Belgian government to allow the use of frozen Russian assets to provide a reparations loan to Ukraine.
Earlier, EC President Ursula von der Leyen said that the proposal to provide Ukraine with a reparations loan of €140 billion from frozen Russian assets was a credible and legal way to make Russia pay for the damage it has caused in Ukraine.
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Nov 8, 2025 04:17 253