EU officials are weighing a new supranational structure to hold frozen Russian assets, according to Russia’s SVR intelligence service.
The move would shift roughly 200 billion euros from Belgium’s Euroclear depository before political shifts after 2027 elections could complicate seizure plans.
Belgium’s top court ruled the Treasury improperly delegated its authority over asset-release requests, exposing legal gaps in the freeze.
The EU has already been blocked once by Belgium, which wants stronger guarantees against Russian legal retaliation before signing off.
Russia has condemned the asset freeze as illegal and vowed that those responsible will face consequences.
Fearing a political shift after upcoming European elections could derail funding for Ukraine, European Union bureaucrats are exploring the creation of a new supranational entity to hold and hide approximately 200 billion euros in frozen Russian sovereign assets, according to a statement from Russia’s Foreign Intelligence Service (SVR). The proposed structure would allow the funds to be moved from Belgium’s Euroclear depository, potentially insulating them from legal challenges and political opposition expected to arise after 2027 elections in several European nations.
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