In the face of the ongoing conflict in Ukraine, Western countries are taking increasingly decisive steps to support Ukraine not only militarily but besides financially. Prime Minister Donald Tusk in his final entry on the X platform stressed that the time had come for concrete actions. “No more talking, time to act! We will fund our assistance to Ukraine with frozen Russian assets," Tusk wrote. What are the plans and how can frozen Russian assets truly affect the situation of Ukraine?
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Frozen Russian assets: A powerful financial injection for Ukraine
In February 2022, the western countries froze almost half of Moscow's currency reserves, which represents around EUR 300 billion. Of this amount, around EUR 200 billion is in the European Union, mainly at Euroclear, an global financial institution based in Brussels that specialises in handling transactions in capital markets.
Enough talking, it's time to act! 1. Let’s finance our aid for Ukraine from the Russian frozen assets. 2. Let’s strengthen air police, the Baltic sentiment and the EU borders with Russia. 3. Let’s swiftly adopt fresh fiscal rules to finance the EU safety and defence. Now!
— Donald Tusk (@donaldtusk) February 20, 2025
Second instalment of aid already in April
European Minister Adam Sz Trapka informed on 11 February at the European Parliament gathering in Strasbourg that a second tranche of gross generated from frozen Russian assets of EUR 1.9 billion would be paid Ukraine already in April. This is another step towards real support for Ukraine in its fight for independence.
Baltic Sentry: fresh mission to defend European borders
At the Helsinki Summit on 13 January, leaders of Denmark, Germany, Sweden, Finland, Estonia, Lithuania, Latvia and Poland, and the NATO chief announced the establishment of a fresh Baltic Sentra mission (Baltic Guard). As part of this mission, allied warships were deployed to the Baltic Sea and the Gulf of Finland. Reconnaissance aircraft and sea drones are besides to assist in maritime surveillance and safety operations.
Strengthening the protection of the sky and borders
Prime Minister Tusk in his entry besides stressed the request to strengthen the protection of heaven, Baltic Sentry and European borders with Russia. This is another component of the strategy that aims to guarantee the safety not only of Ukraine, but of Europe as a whole.
New fiscal rules: EU safety and defence funding
The next point of the Tusk plan is the swift adoption of fresh fiscal rules that will enable the European Union to finance safety and defence. This is simply a key component to guarantee that Europe can respond effectively to future threats.
Summary
Prime Minister Donald Tusk clearly identified priorities in his entry on platform X: “Enough talking, time to act! We will fund our assistance to Ukraine with frozen Russian assets. Let us strengthen the protection of heaven, Baltic Sentry and European borders with Russia. Let us rapidly adopt fresh fiscal rules to finance the safety and defence of the European Union." These actions have a real impact on the situation in Ukraine and the safety of Europe as a whole.
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"Enough talking, time to act". “The Brave” Tusk is inactive in the service of the ceased Ukraine
