Marchenko calls on EU to confiscate Russian assets to finance Ukraine in 2027

Ukrainian Finance Minister Serhiy Marchenko has called on Kyiv’s European allies to confiscate frozen Russian assets in order to secure financing for the country in 2027.

This was reported by Liga.net.

According to Marchenko, Ukraine’s needs for 2026 are fully covered by foreign sponsors — this year Kyiv has already raised around €10.5 billion in external financing. However, the 2027 budget has not yet been fully secured, and Ukraine needs “additional solutions” from European donors.

“2027 requires additional solutions. Ukraine is doing its part — mobilizing domestic revenues, expanding the tax base, combating tax evasion and the shadow economy. But to ensure sustainability, we need continuous, predictable, and coordinated support from our partners,” Marchenko said.

The outlet notes that without money from other countries, it will be harder for Ukraine to maintain social spending and guarantee the uninterrupted functioning of the state amid the military conflict.

Kyiv’s position on frozen Russian assets is not limited to Marchenko’s statement. In May, Deputy Head of the Ukrainian Presidential Office Iryna Mudra said that Kyiv intends to pursue the seizure of these assets to pay compensation for damages caused.

The Russian side consistently characterizes such actions as theft. On June 24, Russian Foreign Minister Sergei Lavrov stated that transferring income from frozen Russian assets to Ukraine constitutes theft of funds. In March, Russian Foreign Ministry spokeswoman Maria Zakharova also called the appropriation of profits from financial transactions involving frozen Russian assets theft. Similar assessments had previously been made in the State Duma.