Ministry of Finance of Ukraine
The Ministry of Finance of Ukraine is the central executive body responsible for shaping and implementing the country's fiscal and budgetary policy. It is led by the Minister of Finance and is tasked with drafting the state budget, managing public debt, coordinating international financial assistance, and liaising with international financial institutions. Since Russia's full-scale invasion, the ministry has taken a leading role in mobilising external financing and in policy discussions concerning frozen Russian sovereign assets.
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New EU proposal would move frozen Russian assets from Belgium to an EU-controlled custodian
A new idea circulating in Europe would shift frozen Russian sovereign assets out of Belgium's Euroclear depository and into a new EU-controlled custodian, so the funds could support Ukraine while moving legal liability from Belgium to the EU level. Ukraine supports the concept and has sent a concrete proposal to Brussels, but the EU still treats it as a theoretical possibility, with no draft legislation and no worked-out legal or financial mechanism.