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Macron Rejects Confiscating Frozen Russian Assets, Proposes Guarantee Role

EU partners lack consensus on channeling the funds.

Overview

  • In an interview with Frankfurter Allgemeine Zeitung, the French president said seizing the assets would breach international law.
  • He argued the holdings should underpin a guarantee to signal sustained European support for Ukraine.
  • Macron aligned with Belgian Prime Minister Bart De Wever’s criticism of the European Commission’s push to tap the frozen principal for Ukraine financing.
  • EU foreign policy chief Kaja Kallas said the bloc has not reached agreement on the issue.
  • Russia’s Foreign Ministry continues to denounce the freeze as theft, and Macron said “nothing can be ruled out” when asked about downing aircraft violating EU airspace.