EU member vows to oppose seizure of Russian assets

Slovakia will not fund the prolongation of the Ukraine conflict, Prime Minister Robert Fico has said

Slovakia will not support an EU initiative to use frozen Russian assets to cover Ukraine’s military expenses, Prime Minister Robert Fico said on Saturday. Bratislava has refused to send military aid to Kiev, instead calling for a peaceful resolution to the conflict.

Western nations have frozen around $300 billion in Russian sovereign assets since 2022 and used interest from the funds last year to raise $50 billion in loans for Ukraine. The EU is now seeking to raise €140 billion ($160 billion) more using Russian assets as collateral. The scheme…

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