Headlines

UK's Starmer says action on frozen Russian assets needed quickly

Published by Global Banking & Finance Review

Posted on October 24, 2025

1 min read

· Last updated: January 21, 2026

Add as preferred source on Google
UK's Starmer says action on frozen Russian assets needed quickly
Global Banking & Finance Awards 2026 — Call for Entries

LONDON (Reuters) -British Prime Minister Keir Starmer said on Friday there was "absolute clarity" during a "coalition of the willing" meeting that progress on using frozen Russian assets to support

UK's Starmer Urges Swift Action on Utilizing Frozen Russian Assets

LONDON (Reuters) -British Prime Minister Keir Starmer said on Friday there was "absolute clarity" during a "coalition of the willing" meeting that progress on using frozen Russian assets to support Ukraine must be realised quickly.

"Yesterday the EU took a very important step forward, and there was absolute clarity in this afternoon's meeting that we need to see that progress come to fruition within a short timetable," Starmer told reporters alongside European leaders and Ukraine President Volodymyr Zelenskiy.

Starmer referred to the European Union's 19th sanctions package, banning Russian liquefied natural gas imports and targeting entities ranging from Chinese refiners and Central Asian banks to a Russian prison medic.

(Reporting by Alistair Smouth and William James, writing by Sam Tabahriti, editing by Paul Sandle)

Key Takeaways

  • UK's Keir Starmer emphasizes the need for quick action on frozen Russian assets.
  • The EU has introduced its 19th sanctions package against Russia.
  • The sanctions target Russian LNG imports and various entities.
  • Starmer was joined by European leaders and Ukraine's President Zelenskiy.
  • The coalition aims to support Ukraine with these assets.

Frequently Asked Questions

What are frozen assets?
Frozen assets refer to funds or properties that have been blocked from use or access, typically due to legal or regulatory actions, such as sanctions imposed on individuals or countries.
What is the purpose of sanctions?
The purpose of sanctions is to deter undesirable actions by a country or entity, such as aggression or human rights violations, by restricting access to financial resources and trade.
What is the EU's role in sanctions?
The European Union (EU) plays a significant role in imposing and enforcing sanctions against countries or individuals to promote peace, security, and adherence to international law.
What is the significance of supporting Ukraine?
Supporting Ukraine, particularly in the context of sanctions against Russia, aims to uphold international law, protect sovereignty, and promote stability in the region.

Tags

Related Articles

More from Headlines

Explore more articles in the Headlines category