The Council of the European Union banned the transfer of frozen assets of Russia 0 174

The ban will last not only until the conflict in Ukraine is resolved but also until the moment "the risk of worsening economic conditions in the EU remains."

The document states that the approved provision introduces a temporary ban on any direct or indirect transfers of assets and reserves of the Central Bank of Russia that are blocked in the EU.

The restrictions also apply to any legal entities, organizations, or structures acting on behalf of or at the direction of the Central Bank of Russia, including the National Wealth Fund.

"These measures are temporary," the document states.

The European Union indefinitely blocked the frozen assets of Russia prior to December 12. As reported by Reuters, this action removed a significant obstacle for using these funds to assist Ukraine.