The EU is assessing the legal and financial implications of confiscating Russia’s sanctioned central bank assets for use by Ukraine. As Europe confronts the risk that Donald Trump may reduce or eliminate aid to Ukraine if he enters the White House, some countries are trying to revive discussions on whether to harness frozen Russian assets more comprehensively. Even so, several other member states, including Germany, Belgium, and Luxembourg, remain very concerned about the idea of confiscation. To date, the EU and the G7 have tapped the profits generated by approximately USD 300bln in sanctioned Russian assets to provide aid to Ukraine.