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Hungary says EU idea to use frozen Russian assets carries legal risks

Published by Global Banking & Finance Review

Posted on September 11, 2025

1 min read

· Last updated: January 22, 2026

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BUDAPEST (Reuters) -The EU executive's idea to use the cash balances associated with Russian assets frozen in Europe to provide a loan to Ukraine has risks and it is important that these legal risks

Hungary Warns of Legal Risks in EU's Plan for Frozen Russian Assets

Legal Implications of Using Frozen Assets

BUDAPEST (Reuters) -The EU executive's idea to use the cash balances associated with Russian assets frozen in Europe to provide a loan to Ukraine has risks and it is important that these legal risks are not spread on member states, Hungary's EU minister said on Thursday.

Concerns Raised by Hungary

"It is not clear to me how this is possible without the Commission touching the Russian assets themselves, the Commission president did not provide details on this," Janos Boka told a briefing. "The most important is...that this should meet all legal requirements."

Details from the Commission President

(Reporting by Krisztina Than; Editing by Sharon Singleton)

Key Takeaways

  • Hungary warns of legal risks in EU's plan.
  • EU considers using frozen Russian assets for Ukraine loan.
  • Hungary emphasizes need for legal compliance.
  • Details from EU Commission president are unclear.
  • Hungary's EU minister voices concerns.

Frequently Asked Questions

What are frozen assets?
Frozen assets refer to funds or properties that have been legally restricted from being accessed or utilized, often due to legal actions or sanctions.
What is a loan?
A loan is a sum of money borrowed from a lender that is expected to be paid back with interest over a specified period.
What is legal risk?
Legal risk refers to the potential for financial loss due to legal actions or non-compliance with laws and regulations.
What is Ukraine's financial situation?
Ukraine's financial situation involves its economic stability and the need for financial assistance, particularly in the context of loans and international support.

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