British and European Union authorities are examining legal and financial avenues to facilitate the confiscation of Russian assets frozen after the full-scale invasion of Ukraine.
[According to](https://www.bloomberg.com/news/articles/2025-03-17/uk-and-eu-advance-talks-on-seizing-frozen-russian-assets) Bloomberg, the issue is on the agenda for a March 18 meeting in London between U.K. Foreign Secretary David Lammy and the European Union’s foreign policy chief, Kaja Kallas.
Despite opposition from several European nations, including Germany and Belgium, efforts toward a possible confiscation are moving forward, sources told the outlet. Opponents argue that such a move could violate international law and destabilize the euro.
Since the start of the full-scale war, more than 260 billion euros (over $280 billion) in Russian central bank assets have been frozen abroad, with most held at the Belgium-based securities depository Euroclear.
The prospect of confiscating these assets has been debated repeatedly over the past three years, but so far, only the interest they generate has been allocated to support Ukraine.