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UK's Starmer says action on frozen Russian assets needed quickly
Published by Global Banking and Finance Review
Posted on October 24, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on October 24, 2025
1 min readLast updated: January 21, 2026
UK's Starmer urges quick action on frozen Russian assets to support Ukraine, following EU's sanctions package targeting Russian LNG and other entities.
LONDON (Reuters) -British Prime Minister Keir Starmer said on Friday there was "absolute clarity" during a "coalition of the willing" meeting that progress on using frozen Russian assets to support Ukraine must be realised quickly.
"Yesterday the EU took a very important step forward, and there was absolute clarity in this afternoon's meeting that we need to see that progress come to fruition within a short timetable," Starmer told reporters alongside European leaders and Ukraine President Volodymyr Zelenskiy.
Starmer referred to the European Union's 19th sanctions package, banning Russian liquefied natural gas imports and targeting entities ranging from Chinese refiners and Central Asian banks to a Russian prison medic.
(Reporting by Alistair Smouth and William James, writing by Sam Tabahriti, editing by Paul Sandle)
Frozen assets refer to funds or properties that have been blocked from use or access, typically due to legal or regulatory actions, such as sanctions imposed on individuals or countries.
The purpose of sanctions is to deter undesirable actions by a country or entity, such as aggression or human rights violations, by restricting access to financial resources and trade.
The European Union (EU) plays a significant role in imposing and enforcing sanctions against countries or individuals to promote peace, security, and adherence to international law.
Supporting Ukraine, particularly in the context of sanctions against Russia, aims to uphold international law, protect sovereignty, and promote stability in the region.
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