Portugal Backs Frozen Russian Asset Plan

Portugal supports utilizing frozen Russian assets to aid Ukraine. Foreign Minister Paulo Rangel noted that Brussels seeks proper guarantees against potential financial risks. Portugal will align with any EU consensus.

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Portugal's Foreign Minister Paulo Rangel announces that the Portuguese government recognizes a Palestinian state, during a statement ahead of the United Nations General Assembly in New York, U.S., September 21, 2025. REUTERS/Eduardo Munoz/File Photo

Portugal supports using frozen Russia assets to aid Ukraine, backing a broader funding push while acknowledging Belgium's demands for EU-wide financial risk guarantees. The stance comes as European policymakers debate the deployment of roughly €200B ($232.54B) in immobilized sovereign funds.

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