US EditionEU Activates Emergency Clause to Immobilise Russian Assets Indefinitely Under New Rule
24 Articles
24 Articles
The new mechanism allows for the circumvention of individual States ' vetoes.
The Union freezes the Russian assets indefinitely, expected for the decision on their use. European intelligence warns: without Ukrainian agreement in crisis, Moscow will launch the final attack
The 27 EU countries removed a key obstacle to the use of Russian frozen assets in Europe in favour of Ukraine, by continuing the sanctions against Moscow as the basis for their immobilization, announced on Thursday the Danish Presidency of the EU.The assets of the Russian central bank in Europe, some €235 billion, were frozen following sanctions decided by the 27 following the Russian invasion of Ukraine in February 2022.However, these sanctions…
The European Union has agreed to indefinitely freeze assets of the Russian Central Bank, a central element of the reparations loan for Ukraine, still under intense negotiations ahead of a crucial summit next week. In doing so, the EU will freeze assets under its jurisdiction amid concerns that the US will seek control of the frozen assets and use them in a future settlement with Moscow as it negotiates an end to the war. The long-term freeze was…
The EU Member States' ambassadors gave their green light this Thursday to an indefinite immobilization - i.e. without mandatory half-yearly renewal - of Russian sovereign assets in the EU, a step considered as a prerequisite for the setting up of a large loan to Ukraine for 2026 and 2027. ...
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