EU agrees to indefinitely freeze Russian central bank assets
PositiveWorld Affairs

- The European Union has agreed to indefinitely freeze Russian central bank assets held in Europe, immobilizing approximately €210 billion ($246 billion) of Russian sovereign assets. This decision aims to facilitate the use of these funds to support Ukraine in its defense against ongoing Russian aggression, eliminating the need for biannual votes to extend the freeze.
- This development is significant as it represents a decisive step in the EU's commitment to assist Ukraine during a critical financial period, particularly as the country faces an estimated cash shortfall of €135.7 billion over the next two years due to the conflict.
- The indefinite freeze reflects broader geopolitical tensions, with European leaders increasingly rallying behind Ukraine while navigating complex discussions about the use of frozen assets. This move also contrasts with proposals from other nations, such as the U.S., which have suggested unlocking these assets, highlighting differing approaches to the ongoing conflict and its economic implications.
— via World Pulse Now AI Editorial System





