US EditionEU Freezes €210B in Russian Assets Indefinitely
EU invoked emergency powers to indefinitely freeze €210 billion in Russian central bank assets and plans to use income from them to fund a €90 billion loan for Ukraine, officials said.
- 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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297 Articles
Representatives of EU member states have confirmed in a written procedure the freezing of Russian state assets in the EU for an indefinite period, the Danish presidency of the Council of the EU announced. This is one of the key elements of the proposal to use frozen Russian assets to finance a loan to Ukraine.
Irish Independent
einnews.comEU freezes Russian assets indefinitely in step towards €165bn loan to Ukraine
The European Union agreed yesterday to indefinitely freeze Russian central bank assets held in Europe, removing a big obstacle to using the cash to help Ukraine defend itself against Russia.
EU agrees to indefinitely freeze Russian assets, clearing path for Ukraine 'reparations loan'
European Union representatives reached the decision a day after Belgian Prime Minister Bart De Wever publicly questioned the legality of the European Commission’s proposal to permanently freeze Moscow’s funds under the “state of emergency” clause in Article 122 of the Treaty on the Functioning of the EU. EU countries agreed to indefinitely immobilize Russian sovereign assets, removing a major obstacle to providing Ukraine with a €210 billion “re…
Chancellor Sergei Lavrov had previously stated that Moscow has prepared a response to a possible deployment of EU troops in Ukraine and to the confiscation of Russian assets.
The EU's High Representative for Foreign Affairs and Security Policy, Kaia Kallas, said today that the European Union will not return frozen assets to Russia until Moscow pays reparations to Ukraine.
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