Russia’s envoy calls EU deadlock on frozen assets "win for law, common sense"

Russian presidential envoy for investment and economic cooperation Kirill Dmitriev has said that the shelving of the European Union’s originally proposed plan to use frozen Russian foreign reserves to finance Ukraine is a major victory for the rule of law and common sense.

In a post on X, Dmitriev argued that the decision, if confirmed to be true, reflected the influence of what he described as “voices of reason” within Europe, which he said had, for now, protected the EU, the euro, and the Belgium-based financial services company Euroclear from the consequences of what he characterised as an illegal scheme, Caliber.Az reports. 

BREAKING: Major BLOW to EU warmongers led by failed Ursula — voices of reason in the EU BLOCKED the ILLEGAL use of Russian reserves to fund Ukraine.

Law and sanity win… for now. 👇https://t.co/ZoZJkHWPr6 https://t.co/bPrENwv2Ta

— Kirill Dmitriev (@kadmitriev) December 19, 2025

"Law and sanity win… for now," he added.  

His remarks followed an exlusive by Politico, which said that EU leaders failed to reach an agreement on using frozen Russian assets to provide billions of euros in financial support to Ukraine after more than 14 hours of talks at an EU summit in Brussels.

Dmitriev added that the failure to advance the proposal amounted to a significant setback for what he called “warmongers” within the EU leadership, singling out European Commission President Ursula von der Leyen as unsuccessful in pushing the initiative forward. 

Two EU officials told Politico that a revised draft of the summit conclusions envisions a temporary financing solution in the medium term. The latest proposal on the EU’s plan to keep Ukraine afloat over the next years, obtained by teh outlet, sets out that leaders agree “to provide a loan to Ukraine…based on EU borrowing on the capital markets backed by the EU budget headroom.”

By Sabina Mammadli