Frozen Assets

In a significant move to bolster Ukraine's financial stability, European Union officials are on the verge of reaching a political agreement on a massive loan to the war-torn country. The innovative plan involves leveraging frozen Russian assets held in a Belgian financial institution to secure the loan, marking a crucial...

As European officials convene to discuss a proposal to provide Ukraine with a $165 billion loan backed by frozen Russian state assets, they are increasingly aware of the potential for Moscow to retaliate against such a move. The plan, which aims to utilize immobilized Russian funds to support Ukraine's war-torn...