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EU proposal to transfer frozen Russian assets

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DevelopingNext check : An EU decision on whether to transfer or otherwise make the assets available to Ukraine, or withdrawal of the proposal.

Where it stands

Ukraine’s finance minister is urging EU finance ministers to move frozen Russian assets held at Euroclear to the EU for Ukraine’s use. Belgium has resisted, warning of legal exposure; the proposal’s outcome remains open.

Story trackerDay 2

1 report16 outlets21 sources1 video

  • No dated events yet
  1. Update 1Ukraine Nears 2022-Style Cash Crunch While Russian Billions Sit Frozen

The story so far

  1. Update 1

    Ukraine Nears 2022-Style Cash Crunch While Russian Billions Sit Frozen

    Serhiy Marchenko says Kyiv is near a 2022-style liquidity crunch, with a $32.6B 2027 hole and a $27B arms bill, and wants the EU to take custody of frozen Russian assets from Euroclear.

    What moved

    • Marchenko urges EU custody transfer; Belgium holds the line.

    Still open after this report

    • No agreed EU instrument for custody transfer, liability cover, or loan-versus-confiscation structure.
    • Whether $27B is Defence Ministry frontload or prime-minister shortfall, and euro-dollar rendering of gap.

History

  1. Opened1 report

Who's involved

People

  • Serhii MarchenkoUkrainian economist and politician1 report
  • Serhiy Koretskyi1 report

Places

  • Arbitrazhnyy Treteyskiy Sud G. MoskvyProspekt Marshala Zhukova, 51, Moskva, Russia, 1231541 report
  • BelgiumBelgium1 report
  • BrusselsBrussels, Belgium1 report
  • KyivKyiv, Ukraine, 020001 report
  • UkraineUkraine1 report

Every outlet we read on this story

21 sources16 outlets1 video2 wire copies