EU to work on using frozen Russian assets to aid Ukraine after war

Denmark's Foreign Minister Lars Loekke Rasmussen and EU High Representative of Foreign Affairs and Security Policy, Kaja Kallas during a Press conference after an informal meeting for EU foreign ministers' at the Forum Copenhagen, Denmark, Saturday August 30, 2025. Emil Helms/Ritzau Scanpix/via REUTERS

COPENHAGEN (Reuters) -The European Union will examine how to use frozen Russian assets to fund Ukraine's defence and reconstruction after the war but confiscating them now is not politically realistic, EU foreign policy chief Kaja Kallas said on Saturday.

Some 210 billion euros ($245.85 billion) of Russian assets are frozen in the bloc under sanctions imposed on Moscow for its invasion of Ukraine, according to the EU.