It’s a key step that will allow EU leaders to work out at a summit next week how to use the tens of billions of euros in Russian Central Bank assets to underwrite a huge loan to help Ukraine meet its financial and military needs over the next two years. Hungarian Prime Minister Viktor Orbán – Russian President Vladimir Putin’s closest ally in Europe – said on social media that it means that “the rule of law in the European Union comes to an end, and Europe’s leaders are placing themselves above the rules.” Chris Weafer, CEO of Macro-Advisory Ltd. Consultancy, said that the timing of the court action is “clearly linked” to the EU’s intention to use the frozen assets.
Author: Lorne Cook, The Associated Press
Published at: 2025-12-13 22:00:30
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