On December 12th local time, Denmark, the rotating presidency of the European Union, announced that EU governments have reached an agreement to indefinitely freeze the assets of the Russian central bank in Europe.


Belgium, Bulgaria, Malta, and Italy have issued a joint statement stating that they voted in favor of a long-term freeze on Russian assets during the EU process on the 12th, but the decision on whether to use Russia's frozen assets to assist Ukraine will need to be made at the EU summit.

On the same day, the Russian side announced that it had sued the European Clearing Bank in Moscow, accusing it of freezing Russian assets.

European Council President Costa stated that EU leaders have fulfilled their commitment to freeze Russian assets and will now address the issue of ensuring Ukraine's financial needs for 2026-2027 at the EU summit.

President of the European Commission von der Leyen said that he welcomed the decision of the European Council on the proposal to freeze Russia's sovereign assets indefinitely.

On December 12th local time, Denmark, the rotating presidency of the European Union, announced that EU governments have reached an agreement to indefinitely freeze the assets of the Russian central bank in Europe.


Belgium, Bulgaria, Malta, and Italy have issued a joint statement stating that they voted in favor of a long-term freeze on Russian assets during the EU process on the 12th, but the decision on whether to use Russia's frozen assets to assist Ukraine will need to be made at the EU summit.

On the same day, the Russian side announced that it had sued the European Clearing Bank in Moscow, accusing it of freezing Russian assets.

European Council President Costa stated that EU leaders have fulfilled their commitment to freeze Russian assets and will now address the issue of ensuring Ukraine's financial needs for 2026-2027 at the EU summit.

President of the European Commission von der Leyen said that he welcomed the decision of the European Council on the proposal to freeze Russia's sovereign assets indefinitely.