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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EU weighs moving frozen Russian assets to new EU-level custodian to sidestep Belgian objections
European circles are exploring transferring frozen Russian assets from Belgium's Euroclear depository to a new EU-controlled custodian, which would shift legal responsibility from Belgium to the EU as a whole and remove Belgium's objections to using the funds for Ukraine. Ukraine's Foreign and Finance ministries have already submitted concrete proposals to Brussels. The European Commission treats the idea as theoretical, with no draft legislation prepared and several technical questions — legal basis, management structure, loss coverage in case of court rulings in Russia's favor — still open.