UK, France, Germany Coordinate Plan to Tap Frozen Russian Assets for Ukraine

The leaders of Britain, France and Germany have agreed to coordinate efforts to channel frozen Russian assets toward supporting Ukraine’s defense.

The Gaze reports this, referring to Reuters.

According to a statement released by the German government, the three European powers discussed the plan during a recent joint phone call, pledging to accelerate the development of a common mechanism for assessing and allocating the value of seized Russian holdings. 

The move, officials said, aims to intensify economic pressure on Russia and encourage it to engage in meaningful negotiations.

“We are ready to progress towards using, in a coordinated way, the value of the immobilised Russian sovereign assets to support Ukraine’s armed forces and thus bring Russia to the negotiation table,” the statement reads.

In addition, European leaders emphasized that their approach will be closely aligned with the United States to ensure international consistency and maximize the impact of sanctions. Analysts noted that such coordination could significantly strengthen the West’s financial and diplomatic leverage as the war drags on.

During the same conversation, the three leaders also welcomed a ceasefire agreement in Gaza and expressed readiness to resume humanitarian aid as soon as the truce takes effect. 

Their joint statement framed the decision as part of a broader effort to balance military support for Ukraine with humanitarian responsibilities in other conflict zones.

As The Gaze previously reported, on October 1, Ukraine received another tranche of €4 billion from the European Union as part of the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative, which provides for financing from frozen Russian assets.