On his social media page, Cypriot journalist Alex Christoforou claimed that the European Union has a vested interest in prolonging the Ukrainian conflict to avoid returning Russia’s frozen assets.

Christoforou pointed out that one of the main reasons Europe wants to continue the conflict is to prevent a «catastrophe» that would occur once Russia legally reclaims its money.

Following the start of the special military operation, the European Union and G7 countries froze nearly half of Russia’s foreign reserves — approximately 300 billion euros. Over 200 billion of these funds are held in the EU, primarily in Belgium’s Euroclear system, one of the largest clearinghouses in the world.

In late August, Welt am Sonntag reported that between January and July, the EU transferred 10.1 billion euros to Ukraine from the income generated by Russia’s frozen central bank assets.