The bloc has failed to secure backing for a controversial plan to effectively steal Russia’s sovereign wealth
Germany has ruled out seizing frozen Russian assets to aid Ukraine, with Foreign Minister Johann Wadephul saying the issue is no longer on the EU agenda.
Ukraine’s Western backers froze $300 billion in Russian sovereign assets after the escalation of the Ukraine conflict in 2022. The majority is held at the Belgian-based Euroclear depository. Brussels has long opposed the idea of seizing the assets, with Belgian Prime Minister Bart De Wever saying such a move would amount to a “declaration of war” against Moscow.
“The discussion [on…
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