Published by Global Banking & Finance Review®
Posted on October 10, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleZelenskiy and ECB President Lagarde discussed using frozen Russian assets for Ukraine's defense and rebuilding after recent airstrikes.
KYIV (Reuters) -Ukraine's President Volodymyr Zelenskiy said on Friday he had discussed "fair use" of frozen Russian assets with European Central Bank President Christine Lagarde.
His comments come after a large overnight Russian air attack across Ukraine.
"We discussed how to ensure the fair use of frozen Russian assets to protect against Russia’s war and to help rebuild life in Ukraine. There are solutions for how this can be done," Zelenskiy said, calling for more political will in Europe to do this.
In a later post, Zelenskiy said he had discussed the use of frozen Russian assets for Ukraine's defence needs and rebuilding after Russian airstrikes.
"We are getting closer to a decision on the assets, and I thank everyone who is helping," he wrote.
(Reporting by Yuliia Dysa, Writing by Max Hunder, Editing by Mark Potter and Ros Russell)
The European Central Bank (ECB) is the central bank for the euro and administers monetary policy within the Eurozone, aiming to maintain price stability and oversee the banking system.
Frozen assets refer to funds or properties that are restricted from being accessed or utilized, often due to legal or regulatory actions, such as sanctions.
Monetary policy involves the actions taken by a central bank to manage the money supply and interest rates to achieve macroeconomic goals like controlling inflation and stabilizing currency.
Asset management is the systematic process of developing, operating, maintaining, and selling assets in a cost-effective manner, often involving investment strategies to grow wealth.
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