EU to freeze €210bn in Russian assets indefinitely
by Jennifer Rankin in Brussels from World news | The Guardian on (#724J8)
The decision is a significant step towards using the cash to aid Ukraine's defence - but Moscow is threatening to retaliate
The EU has agreed to indefinitely freeze Russia's sovereign assets in the bloc, as Moscow stepped up its threats to retaliate against Euroclear, the keeper of most of the Kremlin's immobilised money.
The decision by the EU to use emergency powers to immobilise 210bn (185bn) of Russia's central bank's assets marks a significant step towards using the cash to aid Ukraine's defence.
Continue reading...