Russian Central Bank

EU freezes Russian assets indefinitely so Hungary and Slovakia can’t veto their use for Ukraine

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EU freezes Russian assets indefinitely so Hungary and Slovakia can’t veto their use for Ukraine

BRUSSELS (AP) — The European Union on Friday indefinitely froze Russian assets in Europe to ensure that Hungary and Slovakia, both with Moscow-friendly governments, cannot prevent billions of euros from being used to support Ukraine. Using a special procedure intended for economic emergencies, the EU has frozen assets until Russia abandons its war with Ukraine … Read more

EU leaders agree to fund Ukraine for 2 years, but use of Russian assets poses major test

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EU leaders agree to fund Ukraine for 2 years, but use of Russian assets poses major test

BRUSSELS (AP) — Nearly four years after Russia’s full-scale war against Ukraine, European Union leaders have pledged to fund Kiev’s economic and military needs for the next two years, one way or another. Ukraine is desperate and needs money by early 2026. At a summit next week, the 27 EU leaders will weigh whether to … Read more