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Commission prioritizes €90B Russian asset loans over frozen funds

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Story summary
  • European Commission says immobilised Russian Central Bank assets are not the primary focus, prioritising €90 billion loan disbursements.
  • Sweden, the Netherlands, Poland, Spain and the Baltics urged a legal plan and an EU custodian at Euroclear.
  • 122 MEPs from across parties sent a letter urging the Commission to reopen political discussion on the assets.
  • Economy Commissioner Valdis Dombrovskis said his services are ready to re-engage on the assets, pending member-state guarantees.