EU aims to agree by Friday to long-term freeze of Russian central bank assets


A view on skyscrapers of Moscow City International Business District from Victory Park in Moscow, Russia, September 5, 2024. REUTERS/Maxim Shemetov

BRUSSELS, Dec 11 (Reuters) - European Union governments want to agree on Friday to freeze Russian central bank assets immobilised in Europe for as long as necessary, replacing the need for a vote to renew the freeze every six months, EU diplomats said.

The move is the basis for the EU's plan to use the Russian sovereign assets in the EU for a loan to Ukraine that would keep it financed in 2026 and 2027, allowing the country to continue to defend itself against Russia's invasion.

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