Russia European Union

EU, Russia and Ukraine

EU backs indefinite freeze on Russia's frozen cash ahead of loan plan for Ukraine

Ukraine is running out of cash to keep its military and its economy going, after almost four years of Russia's full-scale war.

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EU indefinitely freezes Russian assets so Hungary and Slovakia can’t veto their use for Ukraine

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EU set to lock up Russia’s frozen assets so Hungary and Slovakia can’t veto their use for Ukraine

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Russian central bank says EU plans to use its assets are illegal

Russia's central bank said on Friday that plans by the European Union to use its assets were illegal and that it reserved the right to employ all available means to protect its interests.

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EU bypasses Orban veto on plan to fund Ukraine loan using frozen Russian assets

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Belgian prime minister tells Sky News he is 'sceptical' about Ukraine loan using Russian assets

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EU set to indefinitely freeze Russia assets despite opposition from Putin’s allies

However, the initiative has drawn fierce condemnation from Hungarian Prime Minister Viktor Orbán, Russian President Vladimir Putin’s closest ally in Europe.

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EU indefinitely freezes Russian assets, removing Ukraine’s obstacle to get loan

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EU indefinitely freezes Russian assets, moving closer to financial lifeline for Ukraine

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Russia’s Central Bank sues Belgian financial institution as EU mulls using Moscow’s frozen assets

Russia’s Central Bank says it has filed a lawsuit against Belgian financial institution Euroclear. That's the Brussels-based clearing house that holds most of Moscow’s frozen assets in Europe.

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Belgium balks at EU plan to seize Russian assets, citing fear of Kremlin retaliation

Belgium blocks EU plan to seize Russian assets for Ukraine aid, citing serious fears of Putin retaliation and potential war escalation against Europe.