EU moves to seize frozen Russian assets for Ukraine loans, escalating economic warfare The EU is advancing plans to repurpose €200 billion in frozen Russian sovereign assets—€170 billion of which has matured into cash—to fund loans for Ukraine, escalating economic warfare against Moscow. Russia warns of retaliation, calling the move illegal and destabilizing to global finance. Some EU members (Hungary, Slovakia, Czech Republic) oppose the plan, fearing legal repercussions and loss of trust in the euro. Two proposals include issuing zero-interest bonds backed by Russian reserves or creating a special-purpose financial vehicle. The U.S. is pressuring G7 nations to seize both…
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