European Union discusses repurposing $250 billion worth of frozen Russian assets to aid Ukraine, as part of increased sanctions. Russian central bank confirms $300-350 billion assets frozen in the West, with majority in Europe. Assets include $207 billion in euro, $67 billion in USD, $37 billion in GBP, among others, mainly in foreign securities and bank deposits. EU proposes a “reparation loan” to Ukraine, replacing Russian assets with zero-coupon bonds. Russia warns of consequences if assets seized, including repercussions on global financial system. Euroclear reports 194 billion euros of Russian assets generating declining interest.

Read more at Yahoo Finance: Factbox-What and where are Russia’s frozen assets in the West?