Overview

• The French National Assembly voted in favor of a resolution calling on the EU to seize Russian assets frozen since the 2022 invasion of Ukraine to aid reconstruction and military support.
• The resolution, which is non-binding, highlights divisions within French politics, with far-right and hard-left parties opposing the measure.
• France has historically resisted asset seizures, citing concerns over international law and potential impacts on investor confidence, though officials are now reevaluating the stance.
• The resolution also encourages the EU to accelerate Ukraine's accession process and develop independent European defense capabilities.
• Currently, income from frozen Russian assets is being used to support Ukraine, generating between €2.5 billion and €3 billion annually.