Politics10/10/2025โ€ขBloomberg

Sweden Pushes EU to Press On With Ukraine Frozen Asset Proposal

Sweden Pushes EU to Press On With Ukraine Frozen Asset Proposal

Sweden is urging the European Union to press forward with a proposal to utilize frozen Russian central bank assets for the benefit of Ukraine. Finance Minister Elisabeth Svantesson emphasized the need for action, citing the lack of alternative options available. The proposal aims to redirect the frozen assets, estimated at over $300 billion, towards supporting Ukraine's reconstruction efforts and compensating for the damage caused by Russia's invasion. Svantesson acknowledged the legal and technical complexities involved, but stressed the importance of finding a solution. The move reflects Sweden's commitment to providing assistance to Ukraine and holding Russia accountable for its actions. As the EU continues to navigate the diplomatic and legal challenges, the Swedish government's call for progress highlights the growing urgency to mobilize resources and aid for the war-torn nation.

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