Story perspectives
EU Freezes Russian Assets, Sparks Controversy Over Ukraine Funding
12/13/2025
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Story summary
- The European Commission invoked emergency powers to freeze Russian assets indefinitely to fund Ukraine.
- Italy, Belgium, Bulgaria, and Malta warned against using frozen assets for Ukraine and urged alternatives.
- Hungary and Slovakia criticized bypassing unanimous EU approval.
- Russia condemned the move as theft and began legal action against Euroclear.
- The situation raises concerns about the EU's credibility and its financial system.
