The European Commission has discovered a provision in its legislation that allows for the indefinite blocking of Russian assets in the EU without the need for unanimous consent from all member states, the Financial Times reported on Saturday.
According to the publication, this measure paves the way for the funds to be used to finance Ukraine, bypassing potential vetoes from individual states such as Belgium or Hungary. Belgium, which holds the lion's share of frozen Russian reserves in the Euroclear depository, previously expressed concerns about legal risks and potential retaliatory actions by Moscow.
The European Commission's proposal calls for issuing loans to Kyiv totaling up to 165 billion euros secured by these assets, with repayment coming from post-war reparations to Russia.
"If the EU chooses to borrow funds to support Ukraine, it will require unanimity. However, if frozen assets are used, the plan can be approved by a qualified majority." "An unnamed EU official noted in a comment to CNBC.
The FT emphasizes that this decision could be a last-ditch attempt to preserve financial aid to Ukraine, given growing disagreements within the bloc and the approaching exhaustion of legal instruments.











