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EU Freezes €210 Billion in Russian Assets to Aid Ukraine

12/15/2025

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Summary

Story summary

The European Union will indefinitely freeze about €210 billion in Russian central bank assets to support Ukraine amid the conflict.
The move removes the need for biannual votes to renew the asset freeze, which previously allowed Hungary and Slovakia to block it.
EU leaders plan to use frozen assets to underwrite Ukraine's reparations loan for 2026-2027 to cover military and civilian budgets, with a December 18 meeting to finalize details.

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Story summary

The European Union will indefinitely freeze about €210 billion in Russian central bank assets to support Ukraine amid the conflict.
The move removes the need for biannual votes to renew the asset freeze, which previously allowed Hungary and Slovakia to block it.
EU leaders plan to use frozen assets to underwrite Ukraine's reparations loan for 2026-2027 to cover military and civilian budgets, with a December 18 meeting to finalize details.