The EU indefinitely froze approximately €210 billion in Russian sovereign assets, primarily held by Euroclear in Belgium, to collateralize a significant loan for Ukraine's financial and military needs.This decision, made under Article 122 of EU treaties to bypass potential blocking by pro-Moscow governments like Hungary, aims to fund a reparations loan of up to €165 billion for Ukraine's budget in 2026 and 2027.Yulia Svyrydenko praised the action as a landmark step toward justice, while Viktor Orbán criticized it as undermining unanimous decisions, and Russia's Central Bank announced a lawsuit against Euroclear.