Sweden urges seizure of Russian assets as war drags on VIDEO

Swedish Minister for Foreign Affairs Maria Malmer Stenergard has said that frozen Russian assets in Europe must be confiscated, as Russia shows no intention of ending its war against Ukraine. 

“Russia does not want peace. We must increase our support to Ukraine and move forward on the use of frozen assets,” Caliber.Az reports, citing Stenergard’s message on X.

Russia does not want peace. We must increase our support to Ukraina and move forward on the use of frozen assets. #FAC pic.twitter.com/q2pkj0cahC

— Maria M Stenergard (@MariaStenergard) April 14, 2025

Following Russia's full-scale invasion of Ukraine, European countries froze Russian assets worth approximately 210 billion euros ($238 billion). However, there are currently no concrete plans to confiscate them. So far, EU member states have only agreed to use the proceeds generated from these frozen assets to support Ukraine. The European Commission requested 2.1 billion euros ($2.4 billion) in profits from Russian assets, which are expected to be transferred to Ukraine. 

Nevertheless, there is no consensus among EU nations on the issue of outright confiscation. In March, Polish Prime Minister Donald Tusk acknowledged that several member states remain hesitant, concerned about the potential consequences of such a move. A few weeks ago, Deputy Head of the Ukrainian Presidential Office Iryna Mudra stated that Europe is "maturing" toward the idea of confiscating Russian assets. She also reaffirmed that these assets will remain frozen until Moscow ceases its military operation and compensates Ukraine for the damages.

By Naila Huseynova