Russian assets are only leverage if Europe uses them, says Ukraine's FM Sybiha

Luxembourg — Foreign Minister Andrii Sybiha of Ukraine told journalists that Europe can demonstrate its strength in a world reliant on the United States by utilizing Russia's frozen assets. Sybiha emphasized that the leverage lies not in holding the money, but in deploying it for defense purposes. Despite reservations, he expressed readiness to address them, advocating for shared responsibility rather than placing the burden solely on Belgium.

Sybiha deemed using the 200 billion euros ($224 billion) of Russian assets immobilized in the EU since 2022 as a "fair approach" and contended that the aggressor should compensate. However, progress stalled after four EU countries attempted to revive the topic in August, with the European Commission hesitant to propose concrete actions until all 27 member states reach a consensus.

Sybiha's remarks were part of a broader call for Europe to prove its leverage against Russia, suggesting sanctions and integrating Ukraine as additional forms of leverage, alongside utilizing Russian assets. He urged European colleagues to "take their future in their own hands," speak with one voice, and restore peace, noting the era of dependence on the U.S. is over.

Sybiha's message followed several days of what he called "puzzling moves," including President Donald Trump's alleged illegal deal to purchase Russian diesel, his claim that Ukraine should hold elections to remove President Volodymyr Zelensky, and his unilateral announcement of an energy ceasefire without informing Ukraine or Russia, which Russia has not adhered to.