On December 11, local time, Denmark, which holds the rotating presidency of the European Union, stated that EU governments have agreed to initiate written procedures to freeze Russian assets for a long time. EU diplomats said that EU governments hope to reach an agreement on the 12th to freeze Russian Central Bank assets stored in Europe until the freeze period is reached, thus replacing voting every six months to decide whether to renew the freeze, and the latter requires the unanimous consent of the 27 EU countries to renew the freeze. The move is the basis for the EU's plan to use Russia's sovereign assets in the EU to provide loans to Ukraine, which will fund Ukraine in 2026 and 2027, provided that Russian assets are frozen indefinitely. Therefore, the European Commission earlier proposed to freeze these assets indefinitely, invoking the provisions of Article 122 of the EU Treaty. The provision gives EU governments the discretion to take whatever measures they deem necessary with a valid majority to deal with the severe economic situation facing the EU, which only requires the consent of a majority of EU countries to pass, thus circumventing potential veto rights.

On December 11, local time, Denmark, which holds the rotating presidency of the European Union, stated that EU governments have agreed to initiate written procedures to freeze Russian assets for a long time. EU diplomats said that EU governments hope to reach an agreement on the 12th to freeze Russian Central Bank assets stored in Europe until the freeze period is reached, thus replacing voting every six months to decide whether to renew the freeze, and the latter requires the unanimous consent of the 27 EU countries to renew the freeze. The move is the basis for the EU's plan to use Russia's sovereign assets in the EU to provide loans to Ukraine, which will fund Ukraine in 2026 and 2027, provided that Russian assets are frozen indefinitely. Therefore, the European Commission earlier proposed to freeze these assets indefinitely, invoking the provisions of Article 122 of the EU Treaty. The provision gives EU governments the discretion to take whatever measures they deem necessary with a valid majority to deal with the severe economic situation facing the EU, which only requires the consent of a majority of EU countries to pass, thus circumventing potential veto rights.