EU to freeze €210bn in Russian assets indefinitely

The GuardianFriday, December 12, 2025 at 8:18:20 PM
EU to freeze €210bn in Russian assets indefinitely
  • The European Union has decided to indefinitely freeze €210 billion of Russian sovereign assets within its jurisdiction, a move aimed at redirecting these funds to support Ukraine's defense amid ongoing military aggression from Russia. This decision follows increased threats from Moscow regarding potential retaliation against Euroclear, the financial institution managing these immobilized assets.
  • This development is significant as it represents a strategic shift in the EU's approach to utilizing frozen Russian assets, which could provide crucial financial support to Ukraine, facing a projected cash shortfall of approximately €135.7 billion over the next two years due to the conflict.
  • The decision to freeze these assets comes amidst a complex geopolitical landscape, where various stakeholders, including the U.S. and European nations, are grappling with how to manage relations with Russia while supporting Ukraine. The EU's actions may also provoke legal challenges from Russia, which has declared the plans illegal, highlighting the contentious nature of international financial sanctions and their implications for global economic relations.
— via World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended apps based on your readingExplore all apps
Continue Readings
Witkoff to Meet Zelensky and European Leaders in Berlin This Weekend on Peace Plan
NeutralWorld Affairs
U.S. Special Envoy Steve Witkoff is scheduled to meet Ukrainian President Volodymyr Zelensky and European leaders in Berlin this weekend to discuss a peace plan aimed at halting the ongoing conflict with Russia before the year's end. This meeting follows previous discussions in Moscow, where Witkoff and Russian President Vladimir Putin characterized their talks as constructive but acknowledged that significant work remains to achieve peace.
Turkish car ferry damaged in strike at Ukrainian port
NegativeWorld Affairs
A Turkish car ferry was damaged in a strike at a Ukrainian port, an incident that Ukraine's president has attributed to Russian aggression. This attack has raised concerns about the safety of maritime operations in the region, particularly for vessels linked to Turkey.
'They have no border': Ukraine's integration into EU by 2027 deemed unlikely by diplomats
NeutralWorld Affairs
A senior US official indicated that Ukraine's potential integration into the European Union by 2027 is unlikely, despite the US plan to end the war in Ukraine. European diplomats highlighted that even if pro-Moscow governments like Hungary were to agree, numerous complex issues would need to be resolved swiftly.
EU backs indefinite freeze on Russia's frozen cash ahead of loan plan for Ukraine
NeutralWorld Affairs
The European Union has endorsed an indefinite freeze on Russian assets, a decision made in light of Ukraine's urgent financial needs as it faces a cash shortfall of approximately €135.7 billion over the next two years due to ongoing conflict. This move aims to bolster Ukraine's economy amidst the prolonged war with Russia.
Were South Africans lured into fighting for Russia’s Ukraine war?
NegativeWorld Affairs
Families of South Africans have reported that their loved ones were allegedly lured into fighting for Russian forces in Ukraine, leaving them stranded in a conflict zone. This situation highlights the troubling recruitment tactics employed by Russia amidst its ongoing military operations in Ukraine.
Zelenskyy visits frontlines as Ukraine retakes parts of Kupiansk
PositiveWorld Affairs
Ukrainian President Volodymyr Zelenskyy visited the frontlines to commend soldiers for their efforts in retaking northern districts of Kupiansk, a significant development in the ongoing conflict with Russia. This visit underscores the Ukrainian military's recent gains in the region, reflecting a positive shift in the dynamics of the war.
Putin hypocrisy
NegativeWorld Affairs
Russian President Vladimir Putin has called for elections in Ukraine, contrasting sharply with ongoing criticisms regarding the fairness of elections within Russia itself. This statement raises questions about the legitimacy of electoral processes in both nations amidst the ongoing conflict.
Belgian PM meets Starmer in London as debate continues on using frozen Russian assets for Ukraine – as it happened
NeutralWorld Affairs
Belgian Prime Minister Bart De Wever met with UK Labour leader Keir Starmer in London to discuss various pressing issues, including the ongoing debate about utilizing frozen Russian assets to support Ukraine. This meeting comes as the European Union is moving closer to a plan that could allocate these assets for Ukrainian aid, amidst legal challenges from Russia's central bank against Euroclear, the institution holding these funds.

Ready to build your own newsroom?

Subscribe once and get a personalised feed, podcast, newsletter, and notifications tuned to the topics you actually care about.