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OSCE Marks 50th Anniversary With New Fund and Proposal to Seize Russian Assets

Delegates in Helsinki launched a Finland-led fund to shore up OSCE finances after Ukraine’s president called for confiscating Russian assets to fund peace

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Overview

  • The Finnish OSCE chairmanship unveiled the Helsinki+50 Fund to boost voluntary contributions for the Vienna-based secretariat and field missions
  • President Volodymyr Zelenskyy urged that frozen Russian assets be seized and redirected to support peacebuilding efforts
  • Participants voiced growing frustration with the consensus-based decision-making and suggested incremental procedural tweaks to prevent single states from blocking action
  • OSCE officials highlighted Russia’s repeated violations of the Helsinki Final Act as a major obstacle to the organization’s conflict prevention and human-rights monitoring
  • Delegates discussed reinforcing expert fact-finding mechanisms and forming coalitions of willing states to sustain OSCE operations despite vetoes