Sweden, the Netherlands, Spain and Poland have urged the European Union to reopen discussions on using nearly €210 billion in immobilized Russian central bank assets to support Ukraine. Their letter, addressed to EU foreign policy chief Kaja Kallas and Helen McEntee, the foreign minister of Ireland, calls for the issue to be raised at the Sept. 1-2 EU foreign ministers meeting. The ministers said the €90 billion loan agreed last December for Ukraine in 2026 and 2027 would not provide enough short- or long-term support. Around €185 billion of the frozen assets is held by Brussels-based central securities depository Euroclear. A European Commission proposal last year for a loan of up to €165 billion, repayable only after Russia pays war reparations, was abandoned after Belgium sought stronger protection against possible Russian lawsuits and damages claims. The four countries are now proposing that Commission technical experts explore alternatives in consultation with member states. The prospects for agreement remain unclear because Belgium has not changed its position, although negotiations over the EU’s 2028-2034 budget could add momentum. The EU has so far used windfall profits from the assets rather than their principal, generating €8 billion for Ukraine support, including €1.4 billion transferred in August 2026.