European legislators urge Belgium to seize € 250 bn in frozen Russian assets
59 MEPs, EU MPs, and three Ukrainian legislators signed an open letter to King Philippe, urging him to support transferring the assets directly to Ukraine.
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Euroclear
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European powers shift stance on frozen Russian asset seizure
France, Germany, and UK are moving toward seizing the frozen Russian Central Bank assets to Ukraine for military support if Russia violates a ceasefire.
FT: EU eyes Belgian king as Hungary threatens to block Russia sanctions renewal
A royal WWII decree is considered a fallback option to retain Russia’s frozen €190 bn in the EU if pro-Russian Budapest vetoes sanctions renewal.
Euroclear to transfer € 1.55 billion to Ukraine fund from frozen Russian assets in July 2024
In addition to the significant transfer to the Ukraine fund, Euroclear will pay Belgium €836 million in corporate taxes from the profits of sanctioned Russian assets for the first half of 2024.
Seizing Russian assets for Ukraine: a no-nonsense guide
Confused about why Ukraine can’t just grab Russian frozen assets to fund its fight? We’ve got you covered, from Euroclear to REPO Act.
Russia must pay: US paves way for historic confiscation of $ 300bn in reparations for Ukraine
The ball is now in the EU's court, as the confiscation of Russian assets becomes a matter of political will
FT: US proposes debt to fund Ukraine using profits from Russian assets
The US hopes that the idea could generate tens of billions dollars for Ukraine.
