Following an informal meeting of EU foreign ministers, Ukrainian officials report a shift in momentum among member states. The Netherlands, Poland, Spain, and Sweden have signaled a willingness to reopen debates on the assets, which have remained frozen in the Brussels-based depository Euroclear since the invasion began. While some European capitals previously viewed the funds as a necessary bargaining chip for future peace negotiations, Kyiv argues that the immediate necessity of funding the war effort outweighs the benefit of holding the capital in reserve.

Finance Minister Serhii Marchenko is currently promoting a framework designed to shield Belgium—the primary country resisting the move due to fear of retaliatory litigation—from sole legal liability. By distributing the risk across all 27 EU member states, Kyiv hopes to bypass the jurisdictional hurdles that have long paralyzed the process. Despite this diplomatic push, Belgium maintained its opposition on Wednesday, signaling that domestic concerns regarding legal exposure remain a significant obstacle to any imminent transfer of the funds.