Overview
- Le Soir reports Russian claimants have filed at least €53 billion in cases over the freezes, with 28 actions in European fora and 24 using the ISDS mechanism.
- Euroclear, which holds a large share of the assets in Belgium, has warned the Commission’s forced-dispossession plan is unrealistic and says it is prepared to challenge it in court.
- The European Commission’s ‘reparations’ credit proposal for Kyiv, collateralized by the frozen reserves, remains under debate before an EU summit scheduled for December 18.
- Belgium’s leaders have signaled they will not allow use of the assets for a Ukraine loan without concrete EU guarantees, reinforcing internal divisions over the plan.
- Politico reported, citing an EU diplomat, that the United States told G7 finance ministers it would scale back support for Ukraine after disbursing the remaining tranches of the $50 billion G7 loan backed by asset returns.