European Meeting to Discuss Using 210 Billion Euros of Frozen Russian Assets Amid Diverging Opinions
210 billion euros of the Russian Central Bank's assets are frozen within the EU, with differing opinions on their use.
SUMMARY
European countries are meeting to discuss the use of 210 billion euros of the Russian Central Bank's assets frozen within the European Union, amid differing views between support for using the funds to pressure Moscow, opposition from the White House, and Belgium's reservations.
KEY HIGHLIGHTS
- 210 billion euros of the Russian Central Bank's assets are frozen within the European Union.
- The German Chancellor calls for using these funds to pressure Moscow.
- The White House opposes the idea, with Donald Trump trying to restrain the Europeans.
- Belgium is cautious, citing economic protection due to the funds being deposited in its financial institutions.
CORE SUBJECT
Use of Frozen Russian Assets in the European Union
210 billion euros of the Russian Central Bank's assets are currently frozen within the European Union. This amount has prompted the German Chancellor to call for its use to pressure Moscow. However, the White House opposes the idea, and Donald Trump is trying to restrain the Europeans from using the assets as a bargaining chip to reach an agreement. Meanwhile, Belgium is also cautious, citing the protection of its economy since the frozen funds are deposited with one of its financial institutions.
KEYWORDS
MENTIONED ENTITIES 6
Russian Central Bank
🏛️ OrganizationInstitution owning the frozen assets worth 210 billion euros
European Union
🏛️ OrganizationEntity holding the frozen Russian assets
German Chancellor
👤 Person_MaleCalls for using Russian assets to pressure Moscow
White House
🏛️ OrganizationOpposes the use of frozen Russian assets
Donald Trump
👤 Person_MaleTrying to restrain Europeans and use the assets as a bargaining chip
Belgium
📍 Location_CountryCautious about using the assets citing protection of its economy