European Union Fails to Utilize Russia’s Frozen Assets

The english ⁤section of webangah News ​agency, citing Mehr News⁢ Agency, ​reported that ​the European Union has failed to agree on the​ use of frozen Russian ​assets held in Belgium.

A reporter for Al Mayadeen network added that Belgium has refrained from accessing Russian assets in its banks due to fears of legal retaliation from Russia.

Earlier,Maria Zakharova,spokeswoman​ for the Russian Ministry of Foreign Affairs,stated that the EU lacks legal mechanisms to seize Russian assets and described such seizures⁣ as a ⁣form of “theft.”

The European Commission had proposed using frozen Russian assets across Europe‍ to provide a €140​ billion compensation loan to Ukraine.