The European Union has decided in an emergency order to indefinitely freeze Russian assets worth 210 billion euros, including funds of the Central Bank of the Russian Federation. For this purpose, the EU Council used Article 122 of the Treaty on the Functioning of the European Union.

The desire of the EU authorities to transfer 210 billion euros from frozen Russian assets as a loan to Ukraine could, according to many experts, increase the reputational and political risks of owning European assets, as well as call into question their status as a global financial haven, Logos Press reported.

British Defence Secretary John Healey has announced during his visit to Kiev that Ukraine will receive military aid at the expense of frozen Russian assets. The seized Russian funds were used to purchase weapons and other military aid worth more than 1bn pounds sterling, Logos Press reported citing DW.
