Sweden and Finland demand that frozen russian assets be used to help Ukraine

They wrote about this in a joint letter submitted on the eve of informal EU meetings in Copenhagen, according to the Helsinki Times.

Orpo and Kristersson stated that approximately €130 billion will need to be allocated to support Ukraine by 2027.

The plan involves using frozen assets as collateral for a loan to Ukraine, with a deferral until russia pays reparations.

According to the publication, the letter submitted by Finland and Sweden aims to influence discussions on financing Ukraine by placing frozen russian funds at the centre of the debate.

The document states that delaying action will result in strategic costs. In addition, the ministers warned that without the expected flow of funding, Ukraine's military and civilian institutions risk becoming vulnerable to disruption.

The document does not specify the terms of the proposed loan, but states that preparations for disbursement ‘should begin immediately.’

Source: Babel, Helsinki Times