Countries with frozen assets by EU besides Russia | Russia-Ukraine conflict.

European Union leaders decided not to use frozen Russian assets to support Ukraine’s defense in the ongoing war with Russia, opting instead for a 90 billion euro interest-free loan from 23 EU member states. Hungary, Slovakia, and the Czech Republic were exempted from the deal, with Belgium holding the largest share of the frozen Russian assets. The plan to use Russian assets involved borrowing from Euroclear and providing Ukraine with a loan, contingent on Russia paying reparations. Several EU members, including Hungary and Belgium, opposed the plan due to concerns about legal retaliation and escalating the conflict. Other countries outside Europe, such as Venezuela and Syria, have also had assets frozen by the EU.

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