European Parliament member Radoslaw Sikorski stated that frozen Russian assets currently held in Europe will not be returned to Moscow. These funds were blocked as part of sanctions imposed by the European Union following the 2022 invasion of Ukraine.

Sikorski proposed that the assets should be redirected to support the reconstruction of Ukraine or to strengthen European defense capabilities. This potential repurposing is currently under discussion within the European Union.

The move represents an escalation in the economic stance of the European Union against Russia. Observers are monitoring for official decisions, as any changes in the status of these assets could influence diplomatic negotiations and market expectations.