White House Endorses EU Plan to Utilize Frozen Russian Funds for Ukraine Support
The Biden administration has thrown its weight behind a European Union proposal to channel $217 billion in immobilized Russian assets to aid Ukraine. These funds, frozen since Moscow's 2022 invasion, have remained in legal limbo—positioned as financial leverage without formal confiscation.
Brussels aims to unlock up to €185 billion of the €210 billion held across European institutions, avoiding outright seizure. A senior U.S. official, speaking anonymously, confirmed Washington's unequivocal support: "The EU's approach transforms these assets into a strategic tool without crossing legal red lines."
The plan faces headwinds as Belgian authorities delay approval, with assets primarily held in Brussels-based accounts. Geopolitical tensions escalated when Germany linked mysterious drone flights over Belgian critical infrastructure to Russian threats—a potential warning against tampering with frozen reserves.
