European Union foreign policy chief Kaja Kallas said on Saturday that Russia’s frozen assets will not be returned unless Moscow pays reparations for its invasion of Ukraine.
Speaking ahead of an EU foreign ministers' meeting in Copenhagen, Kallas emphasized, "We can't possibly imagine that ... if there is a ceasefire or peace deal, these assets are given back to Russia if they haven't paid for the reparations."
The EU currently has approximately 210 billion euros ($245.85 billion) of Russian assets frozen under sanctions imposed due to Russia's actions in Ukraine.
While some EU countries, including Poland and the Baltic states, have called for the confiscation of these assets to support Ukraine, major EU powers France and Germany, along with Belgium (which holds most of the assets), have opposed such measures.
France and Germany have pointed out that the EU plans to use future profits from the frozen assets to fund support for Ukraine, but have raised legal concerns about outright confiscation.
Diplomats suggest the discussion is now shifting toward how these funds might be utilized once the war in Ukraine concludes.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most s...
The United Arab Emirates suspended all trade and financial transactions with Iran on Tuesday after saying Iranian missiles had targeted maritime na...
The U.S. imposed sanctions on the International Criminal Court's (ICC) President Tomoko Akane and a senior tri...
U.S. President Donald Trump says Washington is not seeking an extension of its memorandum of understanding with Iran, claiming the U.S. already controls the Strait of Hormuz through its naval blockade.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Ukraine has targeted at least 20 Wildberries warehouses across Russia since 18 July, disrupting a major logistics network. Kyiv says the strikes aim to disrupt alleged military-linked supplies, while the attacks have caused billions of dollars in losses and wider economic pressure.
Russia said its air defences downed 180 drones over the Moscow region overnight, with 620 drones reportedly targeting the area, according to Moscow Mayor Sergei Sobyanin.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
The U.S. imposed sanctions on the International Criminal Court's (ICC) President Tomoko Akane and a senior trial lawyer at the court Abdoulaye Seye on Tuesday, Secretary of State Marco Rubio said.
Apple has announced a major overhaul of its business terms for apps distributed in the European Union, introducing a five per cent commission on digital transactions outside its App Store and simplifying its fee structure as it seeks to comply with the bloc’s Digital Markets Act (DMA).
A record number of humanitarian workers were killed, injured or kidnapped in 2025, with the growing use of armed drones contributing to mounting risks in conflict zones, the United Nations said on Wednesday.
Former Ukrainian Defence Minister Mykhailo Fedorov has called for elections despite the war with Russia, mounting what is widely seen as the biggest domestic political challenge to President Volodymyr Zelenskyy since Moscow launched its full-scale invasion.
At least nine people were killed, including a child, in a fire at a hotel in India's eastern city of Kolkata on Wednesday, local police said.
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