The Times reported the information.British ministers announced Wednesday they are prepared to transfer the frozen assets to Ukraine as part of a coordinated push with the European Union, Canada, and other allies to increase economic pressure on Moscow. The move would cover more than two-thirds of Ukraine's financing requirements over the next two years.Prime Minister Keir Starmer framed the initiative as part of Britain's response to Russian aggression, stating: "The UK will always stand up to Putin's brutal regime and call out his murderous machine for what it is. Today's sanctions are the latest step in our unwavering defence of European security, as we continue to squeeze Russia's finances and strengthen Ukraine's position at the negotiating table."Foreign Secretary Yvette Cooper announced new sanctions against Russia's GRU military intelligence agency following an official inquiry that concluded Vladimir Putin personally ordered the 2018 assassination attempt on former Russian spy Sergei Skripal and his daughter in Salisbury. The attack, which used a military-grade nerve agent, killed one British citizen and endangered thousands."Putin and his GRU agents are an active threat to Britain's citizens, our security and our prosperity," Cooper said. "We will not tolerate this brazen and despicable aggression on British soil."The asset seizure plan was discussed at a NATO foreign ministers meeting in Brussels, where officials worked to coordinate the release of funds. The EU holds about $112 billion in Russian assets, primarily in Belgium through the Euroclear securities house. However, Belgium has resisted transferring the funds due to concerns about legal liability, as the sum equals roughly one-third of its annual GDP.Cooper, working alongside France, Germany, and the European Commission, is pushing for a unified approach. "We need a co-ordinated plan to draw on those Russian sovereign assets in order to be able not only just to support Ukraine in the short term, but share that overwhelming message to Russia," she said. "They can't just keep sitting this out and think they can somehow dominate economically in this process."The European Commission proposed using emergency EU powers to potentially bypass a Belgian veto. Officials view a quick resolution as critical, since Ukraine faces a significant financing shortfall next year. The plan involves using frozen cash balances to provide Kyiv with a "reparations loan" for 2026 and 2027, following earlier measures that diverted windfall profits from frozen assets to Ukrainian aid.Without seizing the Russian funds, British and EU taxpayers would need to cover Ukraine's $171 billion budget gap over the next two years, at a time when government borrowing costs are rising and budget deficits are expanding across Europe.European nations are pushing back against Belgium's call for open-ended financial guarantees to shield it from potential Kremlin lawsuits over frozen Russian assets, threatening to derail a critical lending plan for Ukraine before year's end.