EU backs indefinite freeze on Russia's frozen cash ahead of loan plan for Ukraine [View all]

Source: BBC

EU backs indefinite freeze on Russia's frozen cash ahead of loan plan for Ukraine

12 December 2025

Paul Kirby
Europe digital editor

European Union governments have agreed to immobilise indefinitely Russian assets of up to €210bn (£185bn) that have been frozen in the EU since the start of Russia's full-scale invasion of Ukraine.

Most of Moscow's cash is held in Belgian bank Euroclear, and European leaders are hoping to agree a deal at next week's crunch EU summit that would use the money for a loan to help Kyiv fund its military and economy.

After almost four years of Russia's full-scale war Ukraine is running out of cash, and needs an estimated €135.7bn (£119bn; $159bn) over the next two years.

Europe aims to provide two-thirds of that, but Russian officials accuse the EU of theft.

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Read more: https://www.bbc.com/news/articles/c98nnd01g91o

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