The G7 and the EU are considering a strategy to utilize over USD 250 bln in frozen Russian central bank assets as collateral for funding Ukraine’s reconstruction. This plan involves selling debt backed by the frozen assets to support rebuilding Ukraine. Advocates argue that any resolution under international law would likely hold Russia accountable for damages caused to Ukraine. In case of Russia’s refusal, the frozen assets could be targeted. Legal concerns and potential impacts on the EUR’s stability have led several G7 countries to hesitate over outright confiscation of these assets.