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Spain backs EU efforts to use frozen Russian assets, cuts gas imports from Russia

Published by Global Banking & Finance Review

Posted on September 19, 2025

1 min read

· Last updated: January 21, 2026

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Spain backs EU efforts to use frozen Russian assets, cuts gas imports from Russia
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MADRID (Reuters) - Spanish Economy Minister Carlos Cuerpo said on Friday his government supported the efforts made by the European Commission to monetize underlying frozen Russian assets held in the

Spain Supports EU Plans to Utilize Frozen Russian Assets and Reduce Gas Imports

Spain's Support for EU Financial Initiatives

MADRID (Reuters) - Spanish Economy Minister Carlos Cuerpo said on Friday his government supported the efforts made by the European Commission to monetize underlying frozen Russian assets held in the EU to help finance the Ukrainian government.

Advocacy for Ukraine Financing

"From Spain, we've been advocating for increasing as much as possible the financing for Ukraine..." Cuerpo said in an interview with Bloomberg TV. "We are advocating to actually look at creative ways to also use those immobilized assets."

Reducing Russian Gas Imports

Cuerpo also said Spain, which is one of the main importers of Russian liquefied natural gas in the European Union, was working to reduce those imports and diversify with supplies from countries such as the U.S.

(Reporting by Inti Landauro; Editing by Alex Richardson)

Key Takeaways

  • Spain supports EU's plan to use frozen Russian assets.
  • Spanish Economy Minister advocates for Ukraine financing.
  • Spain aims to reduce Russian gas imports.
  • Diversification of gas supplies from the U.S. is underway.
  • Spain is a major importer of Russian liquefied natural gas.

Frequently Asked Questions

What is Spain's position on frozen Russian assets?
Spain supports the European Commission's efforts to monetize frozen Russian assets.
How is Spain addressing its gas imports from Russia?
Spain is working to reduce its imports of Russian liquefied natural gas and diversify its energy supplies.
What does Economy Minister Carlos Cuerpo advocate for?
Carlos Cuerpo advocates for increasing financing for Ukraine and exploring creative ways to support it.

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