Europe Urged to Utilize Frozen Russian Assets for Ukraine‘s Defense
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New York - November 28, 2025 – As the war in Ukraine nears its fourth anniversary, economists Joseph E. Stiglitz and Andrew Kosenko are calling on the European Union to leverage frozen Russian assets to provide a crucial financial lifeline for Ukraine’s defense efforts. The proposal comes amid growing acknowledgement that the United States’ focus has shifted, leaving European nations to bolster their own security.
The Case for a Reparations Loan
Stiglitz and Kosenko argue that utilizing these frozen assets - funds belonging to the Russian federation immobilized due to sanctions - represents a powerful and autonomous step the EU can take to directly aid Ukraine without relying on US involvement. This action, framed as a “Reparations loan,” woudl substantially contribute to Ukraine’s ability to defend itself against ongoing Russian aggression and secure its future.
US Shift and European Responsibility
The economists highlight a perceived shift in US policy, with manny European leaders recognizing the need to take greater responsibility for their own defense.This context, they contend, makes the utilization of frozen Russian assets not just a viable option, but a necessary one.The move would demonstrate European resolve and provide significant support to a nation fighting for its sovereignty.
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