FinancePoliticsWar The UK and the EU focus on the confiscation of frozen Russian property to extend stress on Putin throughout potential peace talks. Wednesday, March 19, 2025

Ukraine’s allies are intensifying discussions to find out learn how to seize Russia’s property in an effort to extend stress on the Kremlin forward of doable peace negotiations. International Secretary David Lammy and the EU’s chief diplomat, Kaja Kallas, explored “modern initiatives” in London geared toward enhancing European protection spending and army readiness. The discussions additionally addressed authorized and monetary mechanisms that will allow Europe to confiscate billions of {dollars} in Russian property. Nevertheless, some nations, comparable to Belgium and Germany, nonetheless oppose this measure. The EU, G7 nations, and Australia have frozen roughly $280B in property held by the Russian Central Financial institution, whereas sanctions towards Russian oligarchs have additionally frozen round $58B in actual property property. Notably, final week the French Nationwide Meeting (the decrease home of parliament) authorised a decision urging the EU to confiscate frozen Russian property to fund Ukrainian army support.