Europe’s largest economies are considering using $200 billion in frozen Russian assets to secure a ceasefire deal in Ukraine. France and Germany were once resistant to full seizure and are now exploring options with the UK and others. A proposal under discussion suggests seizing the assets if Russia violates a future ceasefire. G7 nations froze over $300 billion in Russian central bank assets in 2022. France and the UK are leading European diplomatic efforts to develop a Ukraine peace plan following U.S. President Donald Trump’s decision to negotiate directly with Moscow.
