Estonia to Lead Way in EU on Russian Asset Seizures, Envoy Says

Estonia plans to be the first European Union nation to legalize the seizure of sanctioned Kremlin-linked assets to fund Ukrainian reconstruction this year, a move that the Baltic nation’s top envoy said would “really hit” Russia.

Foreign Minister Margus Tsahknaannounced that the government in Tallinn will approve draft legislation in two weeks before sending it to parliament. The eastern EU member state, which shares a border with Russia, is pushing the 27-member bloc to move forward with an EU-wide plan as it untangles the legal complexities of confiscating sanctioned assets.

Margus Tsahkna

Photographer: Tobias Schwarz/AFP/Getty Images

“This will really hit oligarchs — this will ...