Overview

• In an Oct. 10 call, the three leaders issued a joint statement to progress coordinated use of immobilised Russian sovereign assets to support Ukraine’s armed forces.
• They said they will work closely with the United States and pursue new measures to raise costs for Moscow, including action against the so‑called shadow fleet of tankers.
• European Commission vice-president Kaja Kallas outlined a design based on the frozen assets that withholds their return if Russia does not pay reparations.
• EU work on the scheme has sketched a loan of at least €140 billion that avoids outright confiscation and ties repayment to Russia covering war damages.
• The UK readout condemned strikes on Ukraine’s energy grid and signalled further sanctions in the coming days and weeks alongside urgent air‑defence needs.