Published by Global Banking & Finance Review®
Posted on October 10, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleGerman Finance Minister believes EU will find a legal way to use frozen Russian assets for Ukraine, despite existing legal challenges.
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)
A central bank is a financial institution that manages a country's currency, money supply, and interest rates. It oversees the banking system and often acts as a lender of last resort.
Economic growth refers to an increase in the production of goods and services in an economy over a period of time, typically measured by the rise in Gross Domestic Product (GDP).
Financial stability is a condition where the financial system operates effectively, allowing for the smooth functioning of financial markets and institutions, without excessive volatility or crises.
Investment management is the professional management of various securities and assets to meet specified investment goals for the benefit of investors.
Frozen assets are financial assets that have been restricted from being accessed or utilized, typically due to legal or regulatory actions.
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