Member states step up opposition to EU seizing Russian funds – Politico

Italy, Belgium, Bulgaria, and Malta have reportedly warned the European Commission against using frozen assets to aid Ukraine

Italy, Belgium, Bulgaria, and Malta have urged the EU to explore alternatives to seizing frozen Russian assets to fund Ukraine, Politico Europe reported on Friday, citing an internal document.

The European Commission hopes to pressure individual member states into approving the plan ahead of the European Council meeting on December 18-19.

However, some members, including Belgium, which holds the bulk of Russia’s frozen assets, have warned that seizing them could undermine trust in the EU’s financial system, trigger…

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