The EU harbors around $220 billion, with $192 billion frozen in Brussels-based company Euroclear, as well as $26 billion in private assets.The West has been divided about whether to confiscate the assets and hand them over to Ukraine. The G7 took a unified step in October by using the windfall profits to back $50 billion in Extraordinary Revenue Acceleration loans, of which the U.S. will provide $20 billion, to fund Ukraine’s reconstruction, economic, and defense needs. The U.S. has so far led the charge after President Joe Biden signed the REPO Act in April. The bill green lit the confiscation of frozen Russian assets in the U.S. for Ukraine’s reconstruction and humanitarian assistance. As part of the bill, the U.S. had to locate all Russian assets within its jurisdiction by August.