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Immobilised Russian central bank assets

Mad-Daqqa t’Għajn 06-03-2025

One of the first, and boldest, measures taken by Western countries as a response to Russia's full-scale invasion of Ukraine in February 2022 was the immobilisation of around €260 billion worth of Russian central bank assets held under their jurisdictions. In October 2024, the G7 reached an agreement on the use of the extraordinary revenues generated, to service and repay a US$50 billion loan to Ukraine from G7 countries, while the complex debate on the legality and related risks on the use of the principal capital continues. A debate on this issue, following statements by the Council and the Commission, is scheduled for the March plenary session.