“Reeves urges EU to ‘act now’ and seize £175bn of Russian assets to protect Ukraine”

Key points

• Reeves argues EU should seize €210bn of frozen Russian assets.
• Proposal aims to fund Ukraine's defence into 2029 amid a winter crisis.
• The plan would transfer custody of assets to the EU to reduce liabilities.
• Reeves warns US politics and Trump pressure risk jeopardizing Kyiv support.
• The initiative connects to broader calls for EU leadership in funding Ukraine.