
Small Victory for Common Sense: European Council Decides Against Using Russian Assets To Finance Ukraine
Czechia, Hungary and Slovakia opted out of a mega loan to Kyiv that will impose yet another burden on European taxpayers.

Czechia, Hungary and Slovakia opted out of a mega loan to Kyiv that will impose yet another burden on European taxpayers.

The EU has two proposals for funding Ukraine, and both are unpalatable for a number of member states.

Officials stress that doubts remain across the continent—but Brussels will likely try to work around these.

With neither Brussels nor any EU member state at war with Russia, the illegality of the EU Commission’s planned action is not really under dispute.

Today’s vote seeks to shield €210 billion in Russian assets through an exceptional legal pathway that several governments openly consider illegal.

No details have been provided on whether the lawsuit has been officially filed or how any ruling from a Russian court might be enforced.

Brussels has been criticised for apparently issuing an “unprecedented threat” to an EU founding member.

Belgium is warning of legal and financial risks over seizing Russian assets, leaving the EU with few options.

Von der Leyen still called the meeting with Belgian PM “very constructive” and said discussion will continue.

Belgium’s prime minister told lawmakers that any move to tap Moscow’s frozen funds could expose Brussels to massive legal claims