The European Union has announced plans to indefinitely freeze Russian assets held within the bloc, in a move aimed at ensuring up to $246 billion in Russian funds remain in EU jurisdictions, officials said on Friday.
EU foreign policy chief Kaja Kallas confirmed the decision on X, stating that the freeze will remain in place unless Russia fully compensates Ukraine for the damages caused by its war of aggression.
European Commission President Ursula von der Leyen described the move as a "strong signal" to Moscow, signalling that the financial costs of the war will continue to rise. European Council President António Costa added that the decision honours commitments made during the October European Council meeting to keep Russian assets immobilised until the conflict ends and reparations are paid.
The bloc plans to use the frozen funds to support Ukraine, with an estimated 90 billion dollars potentially available, either through direct borrowing or via assets held at Euroclear, Belgium’s main depository for frozen Russian funds.
Belgium, however, has expressed concerns over the proposal, citing potential legal challenges, financial liability and warning that moving too quickly could undermine fragile diplomatic channels aimed at ending the conflict. The Belgian government has sought amendments to the EU Commission’s initial plan to mitigate these risks and provide stronger protection for Euroclear.
Russia’s central bank denounced the plan as illegal and warned it may pursue legal action to contest the use of its frozen assets.
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Millions of people across 13 countries are expected to face worsening food insecurity between June and November 2026, according to a new report from the Food and Agriculture Organization (FAO) and the World Food Programme (WFP).
Ukraine is seeking an additional $20 billion in military funding from its allies, Defence Minister Mykhailo Fedorov said on Wednesday, as Kyiv looks to strengthen its battlefield position and increase pressure on Russia ahead of potential negotiations.
U.S. President Donald Trump said on Wednesday that he had a "very good" conversation with Indian Prime Minister Narendra Modi during the G7 summit in France, adding that Washington and New Delhi were working on trade agreements despite recent strains in bilateral ties.
Uzbekistan unveiled an ambitious investment and reform agenda at the Fifth Tashkent International Investment Forum, bringing together more than 8,300 participants from 100 countries, including heads of state, government officials, global corporations and international financial institutions.
Donald Trump has said the U.S. will resume bombing Iran if Tehran doesn't "behave," at the sidelines of the G7 summit in France. Earlier, the U.S. President criticised Israel for its tactics against Hezbollah, saying it was unnecessary to bomb entire apartment buildings to tackle militants.
A strong 6.7-magnitude earthquake struck Indonesia's Sulawesi island early Tuesday, killing at least one person and injuring four, according to emergency authorities.
U.S. President Donald Trump said a preliminary agreement to end the war in the Gulf has been signed by the U.S. and Iran, though details have yet to be made public and both countries said a permanent truce is yet to be negotiated.
Australia's weather bureau warned on Tuesday that an El Niño weather pattern has formed in the tropical Pacific and could intensify in the second half of 2026, becoming one of the strongest events recorded in seven decades.
Pakistan's heavy reliance on imported energy was laid bare by the U.S.-Iran conflict, which disrupted regional supplies, drove up costs and exposed vulnerabilities in the country's energy security. However, a proposed peace agreement now offers hope for economic relief.
Millions of people across 13 countries are expected to face worsening food insecurity between June and November 2026, according to a new report from the Food and Agriculture Organization (FAO) and the World Food Programme (WFP).
Ukraine is seeking an additional $20 billion in military funding from its allies, Defence Minister Mykhailo Fedorov said on Wednesday, as Kyiv looks to strengthen its battlefield position and increase pressure on Russia ahead of potential negotiations.
U.S. President Donald Trump said on Wednesday that he had a "very good" conversation with Indian Prime Minister Narendra Modi during the G7 summit in France, adding that Washington and New Delhi were working on trade agreements despite recent strains in bilateral ties.
Polish police have launched an investigation after videos circulating online showed men in military-style uniforms patrolling Warsaw Central railway station and questioning people they believed to be foreigners.
The Netherlands has announced a new €500 million military support package for Ukraine, focused on drones and air defence systems, as Western allies intensify efforts to strengthen Kyiv's position in its war against Russia.
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