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

https://mins.news/en/item/51492

- The Kyiv Independent, 2026-09-09 14:31 UTC
- World
- Original: https://kyivindependent.com/a-second-rival-bid-to-use-russian-assets-to-help-ukraine-just-landed/

> 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.

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