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EU Plans to Freeze €210 Billion in Russian Assets Amid Ukraine ...
2025-12-12 22:55:09
Conflicts
Politics

EU Plans to Freeze €210 Billion in Russian Assets Amid Ukraine Conflict

The European Union is poised to indefinitely freeze approximately €210 billion in Russian assets, a move that signifies a strategic shift in response to the ongoing conflict in Ukraine. This decision, expected to pass through a qualified majority vote, has sparked controversy, particularly from Hungary's Prime Minister Viktor Orban, who argues that it undermines European law and the rule of law.

The freezing of these funds aims to support Ukraine's defense efforts against Russian aggression. Concurrently, Russia's Central Bank has initiated legal action against Euroclear, the firm managing these immobilized assets, citing illegal actions.

The situation highlights the complexities of international financial relations amid geopolitical tensions and raises questions about the future of European cooperation.

Related news on that topic:

EU's Plan to Use Frozen Russian Assets Faces Legal and Political ... Political Backlash

The European Union is actively exploring the legal framework to permanently freeze billions of euros in Russian state assets, intending to support Ukraine amidst the ongoing conflict. However, this initiative has drawn sharp criticism from Hungarian Prime Minister Viktor Orbán, who labels the plans as illegal and warns of potential breaches of international law. In response, Russia's Central Bank has initiated legal action against Euroclear, a financial institution holding substantial frozen assets, claiming the EU's intentions constitute theft. The proposed use of these assets as collateral for a €90 billion loan to Ukraine raises complex legal questions, particularly regarding the immunity typically afforded to state and central bank assets under international law. As the EU contemplates these measures, the situation remains fraught with challenges that could impact both European legal standards and geopolitical relations. Decisions on this contentious issue are expected to be made during the European Council meeting scheduled for December.

EU Commission Challenges Trump's Influence Claims Amid Ukraine's ... Push

Ursula von der Leyen, head of the European Commission, firmly rejected Donald Trump's claims regarding US influence over European elections, emphasizing that voter sovereignty is paramount. Amidst ongoing tensions, Ukrainian President Volodymyr Zelenskyy expressed skepticism about a US peace proposal, highlighting the importance of safeguards against Russian advances. Slovakia's parliament recently enacted a law abolishing the Whistleblower Protection Office, despite presidential opposition. In a significant move, the European Commission is contemplating a long-term freeze on Russian assets to support Ukraine. As Ukraine accelerates its EU membership aspirations, the geopolitical landscape remains fraught with challenges, particularly concerning the status of Crimea and ongoing conflict in Donbás. These developments underscore the urgency for democratic integrity in Europe and the necessity of addressing foreign influence in national politics.

The press radar on this topic:

Tagesschau - Aktuelle Nachrichten aus Europa
13. Dezember 2025 um 09:21

After EU Agreement on Assets Russian Central Bank Sues Euroclear

The Russian central bank is suing the Belgian company Euroclear for managing frozen assets intended to be used as compensation for the war against Ukraine. The lawsuit concerns the 'illegal and loss-making actions' of the custodian as well as mechanisms of the EU Commission for utilizing Russian assets. The amount of the claims is still unclear; experts view the action as a first step against European capital in Russia.
Al Jazeera
12. Dezember 2025 um 15:21

EU looks set to indefinitely freeze hundreds of billions in Russian funds

This article discusses the anticipated indefinite freezing of hundreds of billions in Russian funds held in Europe. The move is expected to be approved by the European Union's members through a qualified majority vote. Viktor Orban, Hungarian Prime Minister and Kremlin ally, strongly opposes the decision, calling it an attack on European law. He believes the rule of law in the EU has come to an end and leaders are placing themselves above rules. Hungary is concerned that this will enable further..
The Guardian
12. Dezember 2025 um 20:18

EU to freeze €210bn in Russian assets indefinitely

The EU has agreed to indefinitely freeze €210 billion of Russia's sovereign assets, using emergency powers to immobilize the funds. This decision marks a significant step towards using the cash to aid Ukraine's defense against Russia. The move comes after Russia threatened to retaliate against Euroclear, which holds most of the Kremlin's immobilized money, and follows a proposal for a €90 billion loan for Ukraine secured against Russian assets.
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