The EU plans to use €210 billion in frozen Russian central bank assets, primarily held by Euroclear in Belgium, to collateralize a substantial loan for Ukraine's financial and military needs.Russia's central bank has initiated a lawsuit in the Arbitration Court of Moscow against Euroclear, deeming the EU's actions illegal and seeking compensation for damages from inaccessible funds.Hungary and
Slovakia oppose the EU's plan, while
Belgium has expressed concerns regarding potential legal challenges and financial instability for
Euroclear.