Frozen Russian assets could serve as security guarantee for Ukraine under European peace plan — FT
European officials are discussing the use of 200 billion euros in frozen Russian assets as security guarantees for Ukraine as part of a peace plan, the Financial Times reports.
FT notes that France and Germany had long opposed seizing Russian assets frozen in Europe. However, they are now exploring the possibility of using these funds in coordination with the United Kingdom and other European nations.
According to several sources familiar with the discussions, the plan stipulates that if Russia violates its commitments, its frozen assets would be confiscated. Proponents argue that this measure would “hold Russia to any agreement and provide Kyiv with a guarantee,” FT reports.
French President Emmanuel Macron presented the European peace plan on March 3. It includes a one-month partial ceasefire between Russia and Ukraine, during which both sides would refrain from naval and aerial combat, including strikes on energy infrastructure, though ground operations would continue. The plan also envisions a European peacekeeping contingent being deployed to Ukraine following the signing of a peace agreement. Additional details have not been disclosed.
