Overview

• Switzerland’s State Secretariat for Economic Affairs warned of unintended consequences for global financial stability and insisted any approach align with international law.
• Financial Times reporting cited by RIA says Ukraine wants freedom to use a proposed €140 billion credit to cover its budget deficit, not only defense, according to deputy finance minister Alexander Kava.
• German politician Friedrich Merz argued the funds should be restricted to defense, while France and the European Commission favor purchases sourced in Europe.
• EU foreign policy chief Kaja Kallas said there is no consensus on forming a Ukraine loan based on blocked Russian central‑bank assets rather than on income from them.
• Over €200 billion of Russian sovereign assets are blocked at Euroclear, which has warned expropriation could spark cross‑border legal claims, as the Kremlin threatens retaliation and an academic cited by RIA cautions of banking rule risks and potential deposit withdrawals.