The EU summit failed to reach an agreement on the disposal of Russian assets.

The written conclusions of the EU summit show that EU countries failed to reach an agreement on seizing Russian assets.

Sputnik News, Brussels, October 24 - According to the written conclusions of the meeting, EU countries failed to reach an agreement at the summit on the European Commission's proposal to use Russian assets to meet Kyiv's needs.

The document states: "The European Council is committed to meeting Ukraine's urgent financial needs, including its military and defense expenditures, between 2026 and 2027. For this purpose, the European Council proposed that the European Commission quickly present a financial support plan and called for continued efforts so that the European Council can re-discuss this issue at the next meeting."

The document also states, "EU law stipulates that Russian assets must remain frozen until the conflict ends and compensation is paid to Ukraine."

After the start of the special military operation in Ukraine, the EU and G7 froze nearly half of Russia's foreign exchange reserves, totaling approximately 300 billion euros. About 2,000 billion euros are in the EU, mainly in Euroclear accounts in Belgium, one of the largest clearing and settlement systems in the world.

The Russian Foreign Ministry has repeatedly stated that freezing Russian assets in Europe is an act of theft and pointed out that the EU targets not only private funds but also Russia's state assets. Russian Foreign Minister Lavrov said that Moscow will respond to the Western seizure of frozen Russian assets, and the Russian Federation also has the opportunity not to return funds held by Western countries in Russia.

Original: www.toutiao.com/article/1846815852038148/

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