Breaking News: Europe Blocks Russians Funds Indefinitely

Europe continues to lead in its support of Ukraine. After weeks of negotiations, European countries came together to freeze Russian funds indefinitely.

From Euronews:

the EU has decided to keep the assets of the Russian Central Bank immobilised for the foreseeable future. The ban, which is based on a provision for economic emergencies, pushes back against external attempts to release the €210 billion in assets before Ukraine is compensated.

The European Union has agreed to indefinitely immobilise the assets of the Russian Central Bank, a central element of the reparations loan to Ukraine, still under intense negotiations ahead of a make-or-break summit next week.

By doing so, the EU locks in the assets under its jurisdiction for the foreseeable future amid fears that the United States might seek control of the Russian funds and use them in a future settlement with Moscow to end the war.