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Dec 9, 2025
Japan rejects EU proposal to use frozen Russian assets for Ukraine - Politico
Українська правда
Japan has rejected the European Union's proposal to join its plan to use frozen Russian assets for the benefit of Ukraine.
Source: Politico, Brussels-based politics and policy news organisation, citing its sources
Details: At Monday's meeting of G7 finance ministers, Tokyo rejected Brussels' request to support its plan to provide Ukraine with Russian sovereign assets held at the Belgian bank Euroclear.
This move has dashed the bloc's hopes of gaining global backing for the initiative.
Two EU diplomats familiar with the discussions told Politico that Japan had made it clear that it could not use the approximately US$30 billion in frozen Russian assets held on its territory to provide Ukraine with a loan.
An EU diplomat also told Politico that Satsuki Katayama, Minister of Finance of Japan, had ruled out the use of Russian assets due to legal issues.
However, several officials said that Japan's position is linked to US opposition to using Russian assets for Ukraine, suggesting Tokyo does not want to disregard its key ally.
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