France has proposed a plan to use Russia’s frozen sovereign assets as leverage to secure Ukraine’s future. The idea, backed by several European allies, would see these assets confiscated if Russia violates a potential ceasefire in Ukraine. However, despite support from some European nations, the proposal remains far from a final agreement.
Paris believes the threat of asset confiscation could serve as a deterrent, pressuring the Kremlin to uphold any truce and providing Kyiv with a stronger security guarantee. European officials see this as a way to hold Russia accountable while ensuring Ukraine has concrete financial backing if Moscow resumes hostilities.
Western nations have already frozen Russian assets worth approximately €200 billion, but their confiscation remains a point of contention. Some European leaders argue that using these funds against Russia could destabilise financial markets, particularly in the eurozone. Polish Prime Minister Donald Tusk has noted that Western countries have yet to reach a unified stance, with some fearing economic repercussions.
Despite these concerns, the proposal signals a growing willingness among European leaders to take bolder steps against Russia.
Be First to Comment