Published by Global Banking and Finance Review
Posted on December 8, 2025
Last updated: January 8, 2026
LONDON, Dec 8 (Reuters) - British Prime Minister Keir Starmer and the leaders of France and Germany discussed the "positive progress" made to use frozen Russian sovereign assets to support Ukraine, Downing Street said on Monday.
"The leaders all agreed that now is a critical moment and that we must continue to ramp up support to Ukraine and economic pressure on Putin to bring an end to this barbaric war," said a spokesperson for Starmer.
"While diplomatic efforts continue, Europe must stand with Ukraine ... They also discussed positive progress made to use immobilised Russian sovereign assets to support Ukraine’s reconstruction".
(Reporting by Muvija M)
Frozen assets are financial assets that have been restricted from use or access, often due to legal or regulatory actions. This can occur in response to sanctions or investigations.
Economic pressure refers to the financial strain placed on a country or entity, often through sanctions or other measures intended to influence behavior or policies.
Reconstruction funding is financial support provided to rebuild and restore infrastructure and services in areas affected by conflict, disaster, or economic downturn.
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