WorldAmid EU push, Council of Europe launches rival bid to use Russian assets to help Ukraine

The Council of Europe's Parliamentary Assembly has urged that frozen Russian state assets be used to compensate Ukraine for war damage, arguing that doing so would be a lawful countermeasure under international law. The proposal competes with an EU effort to convert the assets into a loan for Ukraine, while recovery and reconstruction costs are estimated at $588 billion.

UkraineRussian assetsCouncil of EuropeEuropean Union

TThe Kyiv Independent★★★★☆2026-09-09 14:31Original