The EU’s foreign policy chief, Kaja Kallas, has said Ukraine faces a “huge gap” in financing, as the bloc remains deeply divided over whether frozen Russian assets should be used to support Kiev.
Over $300 billion in Russian assets have been frozen in Western institutions since the Ukraine conflict escalated in 2022, mostly under EU control. The largest share is held in Belgium through the Euroclear clearing house. While interest is being sent to Kiev, full confiscation is seen by legal experts as a “minefield.” Moscow has denounced the freeze as “theft.”
Kallas, the former Estonian prime minister, said frozen Russian assets should not be…
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