EU backs indefinite freeze on Russia's frozen cash ahead of loan plan for Ukraine
created: Dec. 12, 2025, 7:14 p.m. | updated: Dec. 13, 2025, 3:47 a.m.
The Russian Central Bank said on Friday it was suing Belgian bank Euroclear in a Moscow court, in response to the EU loan plan.
"It's only fair that Russia's frozen assets should be used to rebuild what Russia has destroyed – and that money then becomes ours," says Ukraine's Volodymyr Zelensky.
EPA/Shutterstock Belgian Prime Minister Bart De Wever discussed Europe's frozen assets plan with UK Prime Minister Sir Keir Starmer on FridayWhat is the EU's plan?
That leaves loaning Ukraine cash from the Russian assets, which were originally held in securities but have now largely matured into cash.
The plan is for Belgium to be protected with a guarantee covering all the €210bn of Russian assets in the EU.
1 day, 4 hours ago: BBC News