Budapest’s lawsuit targets the European Council’s decision to tap the immobilized funds for military aid
Hungary has sued the EU over its decision to use frozen Russian assets to fund military aid for Ukraine, a move adopted despite Budapest’s opposition.
Western nations froze an estimated $300 billion in Russian assets after the escalation of the Ukraine conflict in 2022 – some €200 billion of which is held by Brussels-based clearinghouse Euroclear. The funds have accrued billions in interest, and the West has explored ways to use the revenue to finance Ukraine.
The lawsuit challenges the European Council’s decision last year to channel…
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