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EU Suggests Using Frozen Russian Assets to Fund Ukraine

European Commission President Ursula von der Leyen delivers her speech on security and defense at the European Parliament in Strasbourg, eastern France, Wednesday, Feb. 28, 2024 (The AP)
European Commission President Ursula von der Leyen delivers her speech on security and defense at the European Parliament in Strasbourg, eastern France, Wednesday, Feb. 28, 2024 (The AP)
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EU Suggests Using Frozen Russian Assets to Fund Ukraine

European Commission President Ursula von der Leyen delivers her speech on security and defense at the European Parliament in Strasbourg, eastern France, Wednesday, Feb. 28, 2024 (The AP)
European Commission President Ursula von der Leyen delivers her speech on security and defense at the European Parliament in Strasbourg, eastern France, Wednesday, Feb. 28, 2024 (The AP)

Russia's frozen assets should be used to purchase badly needed military equipment for Ukraine, European Commission Ursula von der Leyen proposed on Thursday.

“There could be no stronger symbol and no greater use for that money than to make Ukraine and all of Europe a safer place to live,” she said.Russia's frozen assets should be used to purchase badly needed military equipment for Ukraine, European Commission Ursula von der Leyen proposed on Thursday.

“The threat of war may not be imminent, but it is not impossible. The risks of war should not be overblown, but they should be prepared for,” von der Leyen added.

Her comments came shortly after the EU High Representative for Foreign Policy, Josep Borrell warned that “Putin has not won yet, but Europe has to wake up.” He then called on EU member states to increase and accelerate aid to Ukraine.

Von der Leye’s controversial proposal, at least from a legal point of view, comes after the EU and the G7, the group of seven leading industrialized nations, proposed to use profits from the estimated $285 billion frozen Russian funds to rebuild Ukraine after the war.

However, some countries raised concerns that confiscating Russian assets would have repercussions on the future of foreign investments in Europe.

On Thursday, von der Leyen’s comments acknowledged there is another recommendation for how to use the Russian reserves, not only to the reconstruction of Ukraine, but to purchase weapons for Ukraine.

“There could be no stronger symbol and no greater use for that money than to make Ukraine and all of Europe a safer place to live,” she said.

The Russian invasion has exposed glaring weaknesses in Europe’s arms manufacturing capacities.

Currently, the EU is attempting to put the final touches on a common European defense strategy which aims to establish a committee that jointly purchases military equipment and work for a financial increase of the fund in this sector.

Also, EU member states are concerned about a possible return of former US President Donald Trump to the White House. They fear his comeback would engender a deterioration of relations between Washington and Brussels and could lessen Washington's defensive commitments made to NATO.

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World

Half of Ukraine’s Capital in the Dark After Russian Strikes, Ministry Says

People use a flashlight as they walk during a power blackout after critical civil infrastructure was hit by recent a Russian missile and drone attacks, amid Russia's attack on Ukraine, in Kyiv, Ukraine December 8, 2025. (Reuters)
People use a flashlight as they walk during a power blackout after critical civil infrastructure was hit by recent a Russian missile and drone attacks, amid Russia's attack on Ukraine, in Kyiv, Ukraine December 8, 2025. (Reuters)
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Half of Ukraine’s Capital in the Dark After Russian Strikes, Ministry Says

People use a flashlight as they walk during a power blackout after critical civil infrastructure was hit by recent a Russian missile and drone attacks, amid Russia's attack on Ukraine, in Kyiv, Ukraine December 8, 2025. (Reuters)
People use a flashlight as they walk during a power blackout after critical civil infrastructure was hit by recent a Russian missile and drone attacks, amid Russia's attack on Ukraine, in Kyiv, Ukraine December 8, 2025. (Reuters)

Power was out for roughly half of residents in the Ukrainian capital Kyiv on Tuesday after the latest Russian attacks on the country's energy system, the energy ministry said.

"The situation in Kyiv remains one of the most difficult – currently, up to 50% of consumers in the capital are without electricity," the ministry said on Telegram.

Russia has sharply increased both the number and intensity of attacks on Ukrainian gas and energy infrastructure in recent months, targeting both power generation facilities and electricity transmission systems.

Ukraine operates three nuclear power plants, which produce more than 50% of all electricity, but the plants are forced to reduce production due to damage to power lines.

The energy shortage is forcing power grid operator Ukrenergo to restrict supplies to consumers, plunging entire regions into darkness. Power cuts also affect heat and water supplies.

Residents of Kyiv and the Kyiv region have been getting electricity for only about 10 hours out of 24 over the past week.

World

Germany Plans Production of Advanced Taurus Missiles from 2029

A man pauses on a pedestrian bridge as a German flag flies over the Reichstag building in Berlin on October 23, 2024. (AFP)
A man pauses on a pedestrian bridge as a German flag flies over the Reichstag building in Berlin on October 23, 2024. (AFP)
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Germany Plans Production of Advanced Taurus Missiles from 2029

A man pauses on a pedestrian bridge as a German flag flies over the Reichstag building in Berlin on October 23, 2024. (AFP)
A man pauses on a pedestrian bridge as a German flag flies over the Reichstag building in Berlin on October 23, 2024. (AFP)

Germany plans to begin production of an upgraded version of its Taurus cruise missile in 2029, according to a budget proposal seen by Reuters on Tuesday, which is expected to be approved by parliament next week.

German forces currently have some 600 Taurus missiles with an official range of more than 500 km (311 miles) in their inventories, to be launched from fighter jets such as the Tornado, the F-15 or the F-18.

The weapon, built by European defence company MBDA , is designed to destroy high-value targets behind enemy lines such as command bunkers, ammunition and fuel dumps, airfields and bridges.

The German government has repeatedly denied requests by Ukraine to supply it with Taurus cruise missiles amid concerns over their long range and their potential use against targets inside Russia, according to Reuters.

The upgraded Taurus NEO missile, as outlined in the 415-million-euro ($483 million) budget proposal which is classified as confidential, will feature an extended range, improved shielding against interference, and advancements in navigation and seeker head technology.

Sweden's Saab and US-based Williams International are identified as the main subcontractors for the enhanced missile.

At a later stage, Sweden and Spain may join the contract, the document said.

According to previous information, Germany aims to purchase some 600 Taurus NEO for around 2 billion euros in total.

The Kremlin has told Germany that delivering cruise missiles to Kyiv would lead to a further round of "spiralling tension" in the Ukraine conflict.

World

Putin Does Not Want to Restore the USSR or Attack NATO, the Kremlin Says 

Russian President Vladimir Putin speaks during his meeting with members of the Council of the Collective Security Treaty Organization (CSTO) Parliamentary Assembly at the Senate Palace of the Kremlin in Moscow, Russia December 8, 2025. (Pavel Bednyakov/Pool via Reuters)
Russian President Vladimir Putin speaks during his meeting with members of the Council of the Collective Security Treaty Organization (CSTO) Parliamentary Assembly at the Senate Palace of the Kremlin in Moscow, Russia December 8, 2025. (Pavel Bednyakov/Pool via Reuters)
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Putin Does Not Want to Restore the USSR or Attack NATO, the Kremlin Says 

Russian President Vladimir Putin speaks during his meeting with members of the Council of the Collective Security Treaty Organization (CSTO) Parliamentary Assembly at the Senate Palace of the Kremlin in Moscow, Russia December 8, 2025. (Pavel Bednyakov/Pool via Reuters)
Russian President Vladimir Putin speaks during his meeting with members of the Council of the Collective Security Treaty Organization (CSTO) Parliamentary Assembly at the Senate Palace of the Kremlin in Moscow, Russia December 8, 2025. (Pavel Bednyakov/Pool via Reuters)

The Kremlin said on Tuesday that European claims that Russian President Vladimir Putin wanted to restore the Soviet Union were wrong and that claims Putin plans to invade a NATO member were complete stupidity.

Putin, who was born in the Soviet Union, in 2005 cast the collapse of the Soviet Union as the biggest geopolitical catastrophe of the 20th century because tens of millions of Russians were impoverished and Russia itself faced the threat of disintegration.

Opponents say Putin's Russia is decaying in a potent brew of absurdity and repression that is comparable to the Leonid Brezhnev-era of the Soviet Union. Western leaders say that Putin, if he wins in Ukraine, will one day attack NATO.

Putin has repeatedly denied that he has any plans to attack NATO and has said that such a step would be foolish for Russia given the conventional military superiority of NATO over Russia.

German Chancellor Friedrich Merz said on Monday that Putin wanted to bring the "old Soviet Union" back and that Europe had to defend itself against what he said were clear Russian intentions, set out, he said, in Russian state doctrines, to attack NATO.

"This is not true," Kremlin spokesman Dmitry Peskov told reporters when asked about Merz's remarks. "Vladimir Putin does not want to restore the USSR because it is impossible, and he himself has repeatedly said this."

"To talk about it is not respectful to our partners," Peskov said. "Apparently, Mr. Merz does not know this."

"As for preparing for an attack on NATO, this is complete stupidity," Peskov said.