Ukraine tank near Zaporizhzhia
A Ukrainian tank during firing practice process at special shooting range near the frontline in Zaporizhzhia, Ukraine on March 29, 2023.
  • Ukraine is looking to seize interest accrued from Russia's frozen assets, the Wall Street Journal said.
  • Currently, these are controlled by clearinghouses such as Euroclear, which collected $1.7 billion in the year's first half.
  • Kyiv is facing a budget deficit of more than $40 billion in 2024 as its forces continue to press a counteroffensive.

Ukraine is reportedly looking to seize interest accrued on frozen Russian assets as it scrambles to raise more wartime funds.

Kyiv is facing a budget deficit of more than $40 billion for 2024, while security spending is set to increase to $45 billion.