Writtten by Anna Caprile and Tim Peters with Ana Luisa Melo Almeida.
One of the first, and boldest, measures taken by Western countries as a response to Russia’s full-scale invasion of Ukraine in February 2022 was the immobilisation of the Russian central bank assets held under their jurisdictions, the value of which could be around €300 billion worldwide, according to recent estimations.
As the war is well into its fourth year, the debate on how to use the immobilised assets to sustain Ukraine’s reconstruction efforts – a cost estimated at US$524 billion – has evolved. A growing number of international legal experts and prominent political figures have defended the lawfulness of confiscating Russian central bank assets to sustain Ukraine, both for financing reconstruction efforts and military expenses, despite these assets being protected by state immunity. However, opinions among legal scholars differ significantly, as do the positions of the governments in whose countries these assets are held.
G7 countries reached an agreement in October 2024 on using the extraordinary revenues generated by those assets to service and repay a US$50 billion G7 loan to Ukraine, while the complex debate on the legality and related risks on the use of the principal capital continues. In the absence of a clear precedent or an uncontested legal basis, political considerations, such as US policy shifts, and calculations over the economic and financial risks incurred will play a decisive role in this debate. Notably, this subject was on the agenda, for the first time, of the informal meeting of EU foreign ministers in Copenhagen on 29-30 August 2025.
Read the complete briefing on ‘Confiscation of immobilised Russian sovereign assets: State of play, arguments and scenarios‘ in the Think Tank pages of the European Parliament.
Frozen Russian AssetsWritten by Krisztina Binder with Joris Bol.
The European Universities initiative helps establish transnational alliances between higher education institutions to develop long-term structural, sustainable and systemic cooperation in education, with synergies with research and innovation. The initiative aims to promote European values and identity and support higher education institutions in enhancing their attractiveness and international competitiveness. As of January 2025, the European Universities initiative, launched in 2019, includes 65 alliances from 35 countries, including all European Union Member States. Together, the alliances comprise more than 570 higher education institutions and collectively provide education to more than 11 million students.
The deep institutional transnational cooperation within these alliances offers multiple advantages for students, staff members, the partner higher education institutions, the wider higher education system, and external stakeholders. These include, for instance, a wide variety of learning, professional development, mobility, and networking opportunities for students, academics, researchers, and staff. To drive even more ambitious cooperation within alliances, further action and closer cooperation between institutional, national, and European levels is necessary.
On 24 June 2025, the European Parliament’s Committee on Education and Culture adopted a report on the European Universities alliances. The report noted that the initiative surpassed anticipated levels of participation and underlined the alliances’ impact in driving transformation in higher education. It stressed the need for coordinated, sustainable and predictable funding for existing alliances and that the EU’s next long-term budget should reflect the strategic vision for the alliances.
Read the complete briefing on ‘European Universities alliances – a model of strengthened cooperation‘ in the Think Tank pages of the European Parliament.