EU Commissioner for Defense and Space Andrius Kubilius, stated this on Espreso TV."Frozen assets, in a sense, belong to Ukraine, as they were frozen when Russia started the war. It was clearly envisioned that these funds would be used for the country's recovery, for reconstruction after the war, or for the needs Ukraine has during this criminal war unleashed by Russia. That is why these Russian financial resources were frozen. Of course, there were discussions among European lawyers and financial experts: can these funds be confiscated and directly transferred to Ukraine? Some experts expressed concern that this could negatively affect the stability of financial systems in Europe. Therefore, it was decided to develop a special mechanism that does not involve direct confiscation from a legal point of view, but instead allows the use of frozen assets as a guarantee that Russia will pay reparations for the damage caused by its illegal and criminal war against Ukraine," commented Andrius Kubilius. According to him, if Russia potentially refuses to pay reparations, the frozen assets will serve as a guarantee of their fulfillment. In other words, reparations can become the basis for providing a loan to Ukraine, and if reparations are not paid, the guarantee will transfer to these frozen assets. From a legal and financial point of view, such an approach seems entirely justified — this is what was discussed at the Council meeting."Most of these frozen assets are stored in one of the Belgian institutions - Euroclear. Because of this, the Belgian government expresses additional concern about possible consequences and potential reactions from Russia. As I understand it, member states will provide Belgium with appropriate guarantees — both security and financial — in case of any complications. I hope that a final decision will be made by the beginning of next year, so that Ukraine has confidence in accessing these resources for both its defense and budget needs," summarized the European Commissioner.On October 26, former Prime Minister Arseniy Yatsenyuk stated that if Russia's frozen assets are not used in the next two months, Ukraine will run out of money.