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Zelenskiy tells Europe: Use frozen assets to end Russia's appetite for war

Published by Global Banking & Finance Review

Posted on December 17, 2025

2 min read

· Last updated: January 20, 2026

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Zelenskiy tells Europe: Use frozen assets to end Russia's appetite for war
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KYIV, Dec 17 (Reuters) - President Volodymyr Zelenskiy called on Ukraine's allies on Wednesday to secure support for Kyiv and show Russia that continuing its war is "pointless," ahead of a crucial

Zelenskiy Urges Europe to Utilize Frozen Russian Assets

KYIV, Dec ‌17 (Reuters) - President Volodymyr Zelenskiy called on Ukraine's allies on Wednesday ‍to ‌secure support for Kyiv and show Russia that continuing its war is "pointless," ⁠ahead of a crucial European ‌Union summit on Moscow's frozen assets.

"The outcome of these meetings – the outcome for Europe – must be such that Russia feels that its desire to continue ⁠fighting next year will be pointless, because Ukraine will have support," Zelenskiy said in his ​evening address.

He called on Ukraine's partners to take ‌a decision on using the ⁠nearly $250 billion of frozen Russian sovereign assets in the European Union, most of it held in Belgium's Euroclear, to support a loan ​for Ukraine.

EU governments agreed last week to freeze the assets for as long as needed instead of voting every six months on extending this status. Some European leaders have opposed the plan as ​they ‍fear it opens them ​up to legal risk.

"We need all our partners to have the courage to see the truth, acknowledge the truth and act accordingly," Zelenskiy said. He added that Russia was showing with its actions it intended to continue fighting next year.

"Allies in the United States often say that ⁠Russia seems to want to end the war. But Russia is sending completely different rhetoric and ​signals, including official orders to its army."

In Moscow on Wednesday, President Vladimir Putin said Russia would take more land in Ukraine by force if Kyiv and European politicians whom he ‌cast as "young pigs" did not engage over U.S. proposals for a peace settlement.

(Reporting by Yuliia Dysa; writing by Max Hunder; editing by Mark Heinrich)

Key Takeaways

  • Zelenskiy urges EU to use frozen Russian assets to support Ukraine.
  • EU summit to discuss the use of $250 billion in frozen assets.
  • Some EU leaders fear legal risks in using frozen assets.
  • Putin threatens more land grabs if peace talks stall.
  • Zelenskiy emphasizes the need for continued support from allies.

Frequently Asked Questions

What are frozen assets?
Frozen assets are financial assets that have been restricted from being accessed or transferred, often due to legal or regulatory actions. In the context of international relations, they may be used as a tool to apply pressure on a country.
What is a loan?
A loan is a sum of money borrowed from a lender that is expected to be paid back with interest over a specified period. Loans can be used for various purposes, including purchasing property or funding business operations.
What is international financial support?
International financial support refers to financial assistance provided by one country or organization to another, often to help with economic recovery, development projects, or humanitarian aid.

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