Hungary says EU idea to use frozen Russian assets carries legal risks
Published by Global Banking and Finance Review
Posted on September 11, 2025

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by Global Banking and Finance Review
Posted on September 11, 2025

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.
"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."
(Reporting by Krisztina Than; Editing by Sharon Singleton)