EU Approves Plan to Freeze Assets

Bank of Russia sued Euroclear for blocked funds and compensation.
European Commission proposed immobilizing €210bn to fund a €90bn loan.
EU countries agreed, Belgium opposed.
Investor-State dispute allows investors to challenge EU sanctions via arbitrators.
EU Council introduced loss-recovery and no-liability clauses.
Russia warned of retaliation against alleged asset theft.
Euroclear faces over 100 lawsuits.
Russia could immobilize Euroclear's funds abroad, with €15bn estimated.
Russia confiscated €33bn linked to Euroclear clients.
Euroclear released €3bn to compensate clients.
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