The suggestion echoes an idea already floated in the United States, and comes as EU and US task forces hunt down and grab yachts, mansions, bank accounts, helicopters and artworks owned by Russian oligarchs sanctioned by the West.
"Personally, I am absolutely convinced that this is extremely important not only to freeze assets, but also to make possible to confiscate it, to make it available for the rebuilding of the country [Ukraine]," Michel, president of the European Council, told the Interfax-Ukraine news agency. Ukraine's government in April estimated the cost of rebuilding after the war to be at least $600 billion .
Last week, US President Joe Biden proposed oligarchs' seized assets be "sold off" to "remedy the harm Russia caused and to help build Ukraine."
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