The EU froze indefinitely €210bn of Russian sovereign assets held in the bloc on Friday as Kyiv and its European allies sought to strengthen their hand at a critical phase in US-orchestrated peace talks.
The freezing paves the way for a loan to be raised against the assets to prop up Ukraine’s defence. EU leaders still have to overcome strong objections from Belgium, where the assets are mostly held, at a summit next week.
Moscow fired back, filing a lawsuit against Euroclear, the Brussels-based depository holding most of the assets, which may allow Russia to seize the company’s assets held inside the country.
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The EU froze indefinitely €210bn of Russian sovereign assets held in the bloc on Friday as Kyiv and its European allies sought to strengthen their hand at a critical phase in US-orchestrated peace talks.
The freezing paves the way for a loan to be raised against the assets to prop up Ukraine’s defence. EU leaders still have to overcome strong objections from Belgium, where the assets are mostly held, at a summit next week.
Moscow fired back, filing a lawsuit against Euroclear, the Brussels-based depository holding most of the assets, which may allow Russia to seize the company’s assets held inside the country.
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