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Headlines

German minister confident a way will be found to use Russia's frozen assets

Published by Global Banking and Finance Review

Posted on October 10, 2025

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BERLIN (Reuters) -German Finance Minister Lars Klingbeil said on Friday that he is confident European Union countries will find a solution to use Russian central bank assets to help Ukraine.

The European Union is searching for a way to finance Ukraine's defence and reconstruction with Russian central bank assets immobilised in the West after Moscow's invasion.

Under international law, sovereign assets cannot be confiscated.

"The political goal is clear: We want to use the frozen Russian assets, but there are still quite a number of questions that need to be clarified internally," said Klingbeil in Luxembourg ahead of a meeting of European finance ministers.

Klingbeil said "legally secure ways" need to be found but added that he is sure this goal will be achieved.

(Reporting by Maria Martinez, Editing by Miranda Murray)