European Union leaders are planning talks in Copenhagen to gather support from enough countries to bypass Hungary’s veto on seizing frozen Russian funds to finance Ukraine, media reports say.
While the move would require unanimous support from all 27 member states, the European Commission has proposed a rule change to a qualified majority, isolating Hungary and ignoring its objections.
Hungary sues EU Council over frozen Russian assets sent to Ukraine
After the start of Russia’s special military operation in Ukraine in 2022, the European Union and the G7 froze almost half of Russian foreign currency reserves, totaling some €300B ($350B at the current exchange rate).
The European Union uses funds for Hungary to support the war in Ukraine
About €200B is held in European accounts, mainly by Belgium’s Euroclear, one of the world’s largest clearing houses.
The Russian Federation has called attempts to seize its reserves as theft of both private and state financial assets.
Sputnik / ABC Flash Point News 2025.
Plans, they have been forwarding Ghadaffi’s billions to war-zones, they same with Russia, time ton wipe these psychopaths of the planet.