The EU's foreign affairs chief, Kaja Kallas, stated that frozen assets will not be returned to Russia unless Moscow pays reparations to Ukraine. Kallas argued at the informal meeting of foreign affairs ministers in Copenhagen that the bloc needs to be prepared in case of an eventual ceasefire or a peace deal.

"We can't possibly imagine that, if there is ceasefire or a peace deal, that these assets are given back to Russia if they haven't paid for the reparations," the high representative said.

The EU's foreign ministers meet in Copenhagen for an informal Foreign Affairs Council to discuss issues related to the war in Ukraine. In this format, ministers do not make decisions, but they discuss the issues in depth.

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