EU Foreign Affairs and Security Policy Chief: All Frozen Russian Assets in the EU Should Be Allocated to Ukraine

The head of European diplomacy, Kaja Kallas, has said that Ukraine has a legal right to demand compensation and that Russian assets in the EU are ‘an instrument of pressure on Russia’, so billions of Russian state funds frozen in the European Union should be used to help Ukraine.

She said this in an interview with The Guardian.

Callas suggested that Russian funds would help pay the bill for ‘all the damage that Russia has done to Ukraine’.

The EU has already begun to seize profits from Russian assets, but has refrained from confiscating the entire €210bn frozen in the bloc because of doubts about the legality of such a move.

The EU diplomat noted that despite the ‘sensitivity of this issue, we will achieve this one day’.

She also said that Europe needs to increase its assistance to Ukraine if the US stops funding it, adding that financial support for Ukraine ‘is not charity’ but is in the interests of the EU and the US.

‘If they (the US - ed.) cut aid, then we will need to continue to support Ukraine, because I am worried about what will happen if Russia wins. I think we will have more wars, bigger wars,’ Kallas explained.