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Italy calls on EU to move cautiously with Russian assets use

(MENAFN) Italy has advised its European partners to move carefully on proposals to use frozen Russian assets to finance assistance to Ukraine, urging restraint ahead of an expected decision at this week’s European Council meeting in Brussels, according to reports.

Prime Minister Giorgia Meloni is expected to present Italy’s concerns during a parliamentary address before leaving the country’s final stance to negotiations at the EU summit scheduled for Thursday and possibly Friday.

While reiterating Rome’s continued and firm support for Ukraine, Meloni is also expected to underline the importance of backing US-led diplomatic initiatives and avoiding fractures within the broader Western alliance.

Italy’s reservations center on the legal, financial, and institutional consequences of deploying Russian assets that would be frozen on a long-term basis, rather than renewed periodically, to finance aid to Kyiv in 2026 and 2027.

Together with Belgium, Bulgaria, and Malta, Italy has cautioned against what it has described as “technical leaps forward” in the absence of a comprehensive political evaluation.

Rome’s position is set to be formally outlined in a parliamentary resolution currently being finalized ahead of a vote and revised following a recent leaders’ meeting in Berlin.

The draft text emphasizes that EU enlargement efforts should prioritize the Western Balkans, implicitly warning against fast-tracking Ukraine’s membership. It also lays out stringent conditions for releasing funds to Kyiv, including adherence to the rule of law and concrete measures to tackle money laundering and corruption.

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