EU plans to use proceeds from frozen Russian assets for the reconstruction of Ukraine. The EU states reject expropriation in the true sense because of legal concerns and likely retaliation.
The USA, on the other hand, is putting pressure on them: they would prefer to collect Russian money directly. Russian assets worth 285 billion US dollars (262 billion euros) are currently frozen, said US Treasury Secretary Janet Yellen in Sao Paulo. The coalition of G7 countries, allies and partners must “urgently find a way to unlock these assets to support Ukraine’s ongoing defense struggle and long-term reconstruction”