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.
China’s Special Envoy for Afghanistan, Yue Xiaoyong, has met Pakistan’s Special Representative for Afghanistan, Mohammad Sadiq, in Islamabad to di...
British police are facing a national backlash over their handling of the fatal stabbing of 18-year-old student Henry Nowak, who was handcuffed while d...
International organisations, investors, environmental experts and business representatives gathered in Samarkand for the opening of Eco Expo Central A...
China is sending doctors, medical teams and emergency supplies to help combat a growing Ebola outbreak in Central Africa, joining an international eff...
Armenian Prime Minister Nikol Pashinyan has said Yerevan remains committed to normalising relations with Azerbaijan and Türkiye, expressing confidenc...
China’s Special Envoy for Afghanistan, Yue Xiaoyong, has met Pakistan’s Special Representative for Afghanistan, Mohammad Sadiq, in Islamabad to discuss the China-facilitated Urumqi Process and regional security concerns.
British police are facing a national backlash over their handling of the fatal stabbing of 18-year-old student Henry Nowak, who was handcuffed while dying from stab wounds after his attacker falsely claimed to be the victim of a racist assault.
International organisations, investors, environmental experts and business representatives gathered in Samarkand for the opening of Eco Expo Central Asia 2026, one of the region's largest environmental events focused on green growth, climate resilience and sustainable development.
China is sending doctors, medical teams and emergency supplies to help combat a growing Ebola outbreak in Central Africa, joining an international effort to contain the disease before it spreads further.
Okinawa lost transport links and suffered widespread power outages on Monday (1 June) as Severe Tropical Storm Jangmi brought destructive winds and heavy rain to Japan's south-western islands.
Competing narratives continue to shape perceptions of the war in Ukraine, with Russian leadership suggesting a possible end phase while Ukrainian officials warn of renewed large-scale attacks and ongoing escalation risks.
U.S. Secretary of State Marco Rubio has held talks with Lebanese President and Israeli Prime Minister on efforts to ease tensions between Israel and Lebanon. According to a U.S. official, Washington has proposed a plan aimed at achieving a gradual de-escalation of hostilities.
When Armenians vote on 7 June, they will be voting in an election shaped by months of political change and a rapidly deepening relationship with the European Union. The result may not only determine who governs Armenia but also the future direction of the country's geopolitical alignment.
Dutch police have launched an investigation into the use of force against a pregnant woman at an asylum seekers' centre in Zeist after videos of the incident circulated widely on social media.
British police are facing a national backlash over their handling of the fatal stabbing of 18-year-old student Henry Nowak, who was handcuffed while dying from stab wounds after his attacker falsely claimed to be the victim of a racist assault.
China is sending doctors, medical teams and emergency supplies to help combat a growing Ebola outbreak in Central Africa, joining an international effort to contain the disease before it spreads further.
Iran’s Revolutionary Guards (IRGC) said they struck a cargo ship owned by the “American-Zionist enemy” with a cruise missile after an Iranian freighter was attacked in the Sea of Oman.
Dutch police have launched an investigation into the use of force against a pregnant woman at an asylum seekers' centre in Zeist after videos of the incident circulated widely on social media.
Hungarian Prime Minister Péter Magyar said on Monday that his government would begin legal proceedings to remove President Tamás Sulyok if he continues to reject calls to resign.
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