EU Freezes Russian Assets Indefinitely to Prevent Hungary and Slovakia Veto
The European Union has decided to indefinitely freeze Russian assets held in Europe, a move aimed at preventing Hungary and Slovakia from vetoing their use to support Ukraine. This decision, announced by EU Council President António Costa, is part of a broader strategy to ensure that the assets, estimated at around 210 billion euros, remain immobilized until Russia ends its war against Ukraine and compensates for the damages caused. The EU plans to use these assets to underwrite a significant loan to aid Ukraine's financial and military needs over the next two years. The decision comes amid opposition from Hungary and Slovakia, who have been against providing further support to Ukraine. The EU's move also precludes the assets from being used in any negotiations to end the war without European approval.