In a significant move to bolster Ukraine’s war efforts, UK Prime Minister Sir Keir Starmer has announced that the UK, alongside France and Germany, is prepared to leverage the full value of frozen Russian assets. This decision marks a strategic escalation in international efforts to pressure Russian President Vladimir Putin and bring Russia to the negotiation table. The leaders emphasized that this action would be executed in close collaboration with the United States. Since Russia’s full-scale invasion of Ukraine in 2022, UK sanctions have immobilized over £25 billion of Russian assets. Previously, only the profits and interest from these assets were utilized to support Ukraine. However, the new approach aims to unlock the entire value of these frozen funds. Sir Keir conveyed this commitment to Ukrainian President Volodymyr Zelensky, underscoring the unity among the three nations in driving progress toward ending the conflict. Additionally, the UK plans to impose further sanctions on Russia in the coming days and weeks. This announcement follows a recent meeting of European leaders in Copenhagen, where discussions centered on using frozen Russian assets to secure a €140 billion loan for Ukraine. The Financial Times reported last month that US President Donald Trump had urged G7 allies to seize or otherwise use these assets. The total value of frozen Russian assets in the EU is estimated at nearly €211 billion. Meanwhile, President Zelensky has called for decisive action from the US, Europe, and the G7, emphasizing the need for air defense systems and stricter sanctions. He also urged Sir Keir to join the PURL program, which facilitates NATO countries in purchasing US weapons for Ukraine. Zelensky praised the UK’s support but stressed the importance of clear participation in the program and additional sanctions against Russia.
