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Frozen Russian Assets and the Frozen European Consensus Despite intense negotiations the European Union has failed to reach a common position on the use of 21 billion euros in frozen Russian assets since the invasion of Ukraine. Germany led member states advocating for the use of these assets to meet Ukraine’s urgent financing needs but the decision was not approved due to a veto by Belgium the host country of Euroclear where the assets are held. In parallel EU leaders approved a 9 billion euro