The European Union is considering seizing a portion of Russia’s frozen central bank assets worth around $280 billion as part of efforts to support Ukraine amid potential cuts in US aid. Some EU member states oppose this move, citing concerns over its legality and consequences. Officials are discussing how the assets could be used as collateral by an International Claims Commission, which will determine compensation owed to Ukraine. If Moscow refuses to pay damages, the seized assets could then be taken by the bloc.
Source: https://www.bloomberg.com/news/articles/2025-02-22/eu-seeks-ways-to-seize-part-of-russia-s-frozen-280-billion