EU Reopens Frozen Assets Debate

BrusselsFour EU states want Russia’s frozen billions unlocked.

Confiscating the principal, not just its profits, breaks sovereign immunity for reserves held abroad.

Belgium hosts Euroclear, which holds 185 billion euros of the assets, so it alone bears legal and retaliation risk.

EU foreign ministers revisit the idea Sept 1-2 in Ireland, where Belgium remains opposed.

Sources: U.S. News & World Report