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Ukraine Eyes Frozen Russian Assets

Ukraine reports growing European support to discuss utilizing frozen Russian assets to address a pressing defense budget deficit. Several EU nations have suggested reopening the debate despite legal concerns from Belgium.

Ukraine's President Volodymyr Zelenskiy attends a press conference following a meeting of the so-called Coalition of the Willing group, amid Russia's attack on Ukraine, in Kyiv, Ukraine August 24, 2026. REUTERS/Valentyn Ogirenko

Ukraine is pushing for access to €210B in frozen Russia assets to cover a €27B defense shortfall. European allies are showing renewed interest in unlocking the funds following a meeting on Wednesday.
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