"Figaro" on the freezing of Russian assets and Orban's "blackmail": Representatives of EU countries killed two birds with one stone

While the EU is seeking to use around 210 billion euros of assets located in Europe to finance a huge loan to Ukraine, it was first necessary to ensure the freezing of these assets to avoid the risk of repayment to Moscow if sanctions are lifted, Le Figaro reported.

4350 views 1 comment(s)
Orban and Russian President Vladimir Putin, in Moscow on November 28, Photo: Reuters
Orban and Russian President Vladimir Putin, in Moscow on November 28, Photo: Reuters
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

The European Union (EU) has extended the freeze on Russian assets indefinitely, instead of the previous six-month renewals, which Hungarian Prime Minister Viktor Orban used for blackmail, the Parisian newspaper Le Figaro reported.

"After several discreet meetings, representatives of EU member states managed to kill two birds with one stone," the newspaper said.

By adopting an indefinite extension of the freeze on Russian financial assets located in Belgium, they protected them from the greed of the United States of America (US) and protected them from the uncertainty that Orban was creating regarding the renewal of sanctions on Russia.

Until now, it required unanimous agreement from 27 member states to renew that freeze every six months, a freeze that was originally adopted at the start of the war in Ukraine in 2022.

While the EU is seeking to use around 210 billion euros in assets located in Europe to finance a huge loan to Ukraine, it was first necessary to ensure the freezing of those assets to avoid the risk of repayment to Moscow if sanctions are lifted, Le Figaro added.

Bonus video: