EU Freezes €210 Bn Russian Assets Indefinitely; Russia Threatens Retaliation

• EU indefinitely froze €210 billion of Russia's central bank assets to aid Ukraine's defense.
• The decision removes the previous six-month renewal requirement, preventing potential vetoes.
• Russia's central bank is suing Euroclear, the custodian of the assets, alleging "illegal actions."
• Belgium blocked a €90bn loan for Ukraine, fearing lawsuits from Moscow and seizure of its assets.
• EU leaders will discuss Ukraine funding at an upcoming summit, aiming to cover two-thirds of its financial needs.

Why It Matters: EU indefinitely freezing Russian assets provides Ukraine aid, escalating financial conflict.