EU delays decision on 140 billion euros of RF: when will the agreement be reached.

Delay of the EU decision on the assets of the Russian Central Bank

According to inkorr.com: The European Union has decided to postpone the adoption of a decision regarding the use of frozen assets of the Russian Central Bank until the December summit. This decision was a result of Belgium's position, which demands additional guarantees due to potential threats that may arise if Russian funds are used to arm Ukraine. Leaders of European countries have agreed to discuss the issue of possible actions at the next summit after conducting additional analysis prepared by the European Commission.

Currently, the frozen assets of the Russian Central Bank, amounting to 140 billion euros on EU territory, are being used to support Ukraine. A final agreement between EU countries on this issue is expected to be concluded by the end of the year.

The majority of the assets of the Central Bank of Russia remain in the Belgian depository Euroclear. The European Union continues to develop a mechanism for redirecting these funds to Kyiv, including through the implementation of appropriate procedures.

The postponed decision of the EU underscores the importance of discussing financial support issues for Ukraine and the need to avoid potential risks associated with the movement of Russian funds. Work on additional guarantees and oversight of this process continues.

This move demonstrates the EU's caution in regard to the use of assets frozen due to Russia's aggression against Ukraine. Participants in the meeting to be held in December will try to find a balance between the necessity of supporting Ukraine and the risks associated with the use of Russian funds for military purposes.