Statements

August 20, 2026 “The Russian Transfer” is the answer to Belgium’s insistence that it is protected from risk if Russian sovereign assets in the European Union are used to help Ukraine. Under this proposal, the frozen Russian accounts in Belgium and elsewhere would be transferred to the EU itself as custodian. This would take Belgium, where the bulk of the assets are sitting, out of the line of fire and ensure that any risks are shared by the EU as a whole. Belgium confirmed th

Statement by Annegret Kramp-Karrenbauer Nathalie Loiseau Daleep Singh The EU should immediately transfer custody of the frozen Russian Central Bank accounts in the bloc to a new EU custodian. Doing so now would strengthen Ukraine’s negotiating position whether the war continues or peace talks begin. The EU would become custodian of the accounts, taking on the liabilities to Russia as well as the €210 billion assets. This is not confiscation as the Central Bank of Russia woul