Slovak PM will not support using Russian frozen assets to be spent "on military costs in Ukraine"

Slovak Prime Minister Robert Fico has stated that he will not agree to the use of frozen Russian assets to support Ukraine.

Source: Bloomberg, as reported by European Pravda

Details: The European Commission has proposed a plan that would allow EU governments to use up to €185 billion – the majority of Russia's sovereign assets currently frozen in Europe – to support Ukraine, without formally confiscating them.

However, the plan's approval has stalled due to concerns from Belgium, where most of these Russian assets are held.

"Slovakia won't take part in any legal or financial schemes to seize frozen assets if those funds would be spent on military costs in Ukraine," Fico said.

The Slovak prime minister said that using Russian assets to benefit Ukraine would only fuel the war.

"Do we want to end the war or are we stoking it? We are going to give €140 billion to Ukraine to keep the war going. So what does that mean? That the war will go on for at least another two years," he declared.

Background: Meanwhile, EU officials have confirmed that the issue of using frozen Russian assets to provide financial support to Ukraine remains on the agenda, with a final decision expected in December 2025.

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