European and other Western nations would take frozen Russian assets and put them in funds for investing, then use the proceeds to fund Ukraine's recovery efforts.
The assets remain untouched since that time, and officials in the European Union , United States and other Western nations have debated whether Ukraine can benefit from any of the funds.
European officials argued that one short-term option would see the nations create a fund to manage and invest liquid assets from the central bank and use the proceeds – rather than the funds themselves – to fund Ukraine. This would see the assets returned in full to their owners once sanctions end.
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