MEP urges EU to ‘think creatively’ and use frozen Russian assets to support Ukraine

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Intelligence Network • Data Science • AI Research • World News
Published: 2026-09-29T07:25:45.770Z • Permanent link

Tobias Cremer, a member of the Socialist and Democrats group in the European Parliament, has urged EU policymakers to think creatively about using frozen Russian assets to support Ukraine. Cremer's call comes as the war in Ukraine enters its third year, with the conflict continuing to have far-reaching consequences for global markets and economies. In a recent statement, Cremer emphasized the importance of economic support for Ukraine, stating that "the cost of the country failing would be much higher for us than the cost of supporting Ukraine".

Cremer's remarks are significant, as they reflect the growing consensus among EU policymakers that Ukraine's stability is critical to the region's security and prosperity. Ukraine's economy has been severely impacted by the war, with GDP contracting by over 30% in 2022 alone. The country's reliance on imported energy, food, and other goods has also made it vulnerable to price shocks and supply chain disruptions. In response, the EU has increased its support for Ukraine, including providing billions of euros in aid and economic assistance.

The EU's efforts to support Ukraine are also driven by a desire to counter Russian influence in the region. Russia's annexation of Crimea in 2014 and its ongoing support for separatist rebels in eastern Ukraine have created a power vacuum that has allowed Moscow to exert significant influence over Ukraine's politics and economy. By supporting Ukraine, the EU is seeking to promote stability and security in the region, while also undermining Russian efforts to expand its influence.

Cremer's call for EU policymakers to think creatively about using frozen Russian assets to support Ukraine has significant implications for the Data Sources domain. Companies such as Goldman Sachs and JPMorgan Chase have already begun to explore the potential for using frozen assets to support Ukraine, with some analysts suggesting that this could provide a new source of funding for the country's struggling economy.

The impact of Cremer's remarks on research communities in the field of international economics is also likely to be significant. Researchers at institutions such as the International Monetary Fund and the World Bank have long studied the potential for using frozen assets to support countries in crisis, and Cremer's call for EU policymakers to think creatively about this issue is likely to stimulate further debate and analysis in this area.

The broader implications of Cremer's remarks for the EU's energy markets are also worth considering. Ukraine's energy sector has been severely impacted by the war, with the country's gas supplies being disrupted by Russian attacks. By supporting Ukraine's energy sector, the EU is seeking to promote stability and security in the region, while also reducing its dependence on Russian energy imports.