💨 Abstract

The European Union is set to lock Russian assets in Europe until Russia ends its war in Ukraine and compensates for the damage. This move, worth tens of billions of euros, aims to support Ukraine's financial and military needs. Hungary and Slovakia oppose this, with Hungarian Prime Minister Viktor Orbán criticizing the decision as unlawful. The EU argues that the war has imposed heavy costs on its members, and the move is necessary to secure peace.

Courtesy: WTOP Staff