EU triggers emergency clause to indefinitely freeze Russian assets

The European Union (EU) has decided to trigger an emergency clause that allows for the indefinite freezing of Russian assets held in European banks. This decision comes despite opposition from multiple EU member states.

The move aims to immobilize assets as part of ongoing measures against Russia. The specifics of the assets affected and the implications of this decision have not been detailed in the announcement.

This action follows a series of sanctions imposed on Russia by the EU in response to various geopolitical tensions. The indefinite freezing of assets is seen as a significant step in the EU"s strategy to exert pressure on Russia.

For further context on related developments, the Central Bank of Russia has recently sued Euroclear for $186 billion in damages, highlighting ongoing financial disputes involving Russian assets.

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