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EU Freezes €210B in Russian Assets Indefinitely
EU activates emergency clause to indefinitely freeze €210 billion in Russian assets, enabling potential reparations and a loan to support Ukraine's financial and military needs.
- On Thursday, EU ambassadors agreed under Article 122 of the EU treaties to indefinitely immobilise 210 billion euros in frozen Russian assets, with 185 billion held at Euroclear in Brussels and 25 billion in private banks.
- The European Commission proposed emergency powers to replace six-month sanction renewals requiring unanimity, underpinning a reparations loan proposal to channel frozen assets to Kyiv.
- Belgium, host of Euroclear, has filed legal amendments and demanded guarantees over liability, while Russia's Central Bank sued Euroclear Friday, and Viktor Orbán vowed to restore lawful order.
- EU leaders will decide on Dec. 18-19 how to raise 90 billion euros for Ukraine's 2026-27 needs after a Friday vote aims to lock in frozen assets and sidestep vetoes.
- Embedding the measure positions the EU for prolonged confrontation by shifting sanctions into a sustained phase, while analysts warn of legal risks under international investment treaties and the move strengthens the basis for repurposing assets, with the G7 using interest to fund a $50-billion loan.
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EU confiscates Russian assets in Europe - Is this the riskiest thing the union has ever done?
In an unprecedented move, the European Union invoked Article 122 of its treaties on December 12, to indefinitely freeze €210 billion in Russian central bank assets held in Europe. This paves the way for a controversial “reparations loan” to Ukraine, approved by qualified majority vote, bypassing veto threats from Hungary and Slovakia. Primarily €185 billion at Brussels-based Euroclear remains… Source
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Total News Sources180
Leaning Left32Leaning Right20Center36Last UpdatedBias Distribution41% Center
Bias Distribution
- 41% of the sources are Center
41% Center
L 36%
C 41%
R 23%
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