Denmark's PM: Frozen Russian Assets Are Needed for Ukraine, Which Is Running Out of Money

Danish Prime Minister Mette Frederiksen stated on Friday that Ukraine is running out of money and that frozen Russian state assets held in Western financial institutions should be used to fund Ukraine's continued defense.

Frederiksen, speaking at the EU summit in Brussels, said that the approximately 300 billion euros in frozen Russian central bank assets represent a critical resource that the West should not hesitate to deploy in support of Ukraine.

The Danish leader has been a consistent advocate for using the frozen assets as direct aid to Ukraine rather than merely using the proceeds from their investment returns. This more aggressive approach has support among Baltic and Nordic countries but has faced legal and political obstacles in some EU member states.

The issue of frozen Russian assets has been a key discussion point at the Brussels summit, with leaders debating how to unlock more financial support for Kyiv as defense budgets strain and Western political will faces increasing pressure.