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European Countries Revive Frozen Asset Plan to Counter Russia

Source: Bloomberg

Geopolitics & WarSovereign Debt & RatingsFiscal Policy & Budget

Countries are urging the EU to revisit a stalled plan to use frozen Russian assets to support Ukraine, highlighting renewed Ukraine funding challenges. The policy delay increases downside risk to near-term financing for Ukraine and could add volatility to related European sovereign/credit sentiment tied to the conflict. Overall, the development signals persistent uncertainty around timelines and implementation of the frozen-asset assistance mechanism.

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