A total of 210 billion euros (£184 billion) in Russian assets are frozen in Europe.

The European Union is expected to lock up Russia’s assets held in Europe until it ends its war in Ukraine and compensates its neighbour for the damage it has inflicted for almost four years.

The move would allow EU leaders to work out at a summit next week how to use the tens of billions of euros in Russian Central Bank assets to underwrite a huge loan to help Ukraine meet its financial and military needs over the next two years.

Hungarian Prime Minister Viktor Orban – Russian President Vladimir Putin’s closest ally in Europe – accused the European Commission, which prepared the decision, “of systematically raping European law”.

A total of 210 billion euros (£184 billion) in Russian assets are frozen in

See Full Page