Russia's central bank says it is suing Belgium's Euroclear in court following an EU bid to use Russian assets to aid Ukraine.

Russia's central bank says it is suing Belgium's Euroclear in court following an EU bid to use Russian assets to aid Ukraine.

The anticipated move, slammed by Hungary, is a key step in a plan to use the funds to underwrite a loan to Ukraine.

EU plans to indefinitely freeze Russian assets to facilitate a €165 billion loan for Ukraine amid ongoing conflict.

The decision is a significant step towards using the cash to aid Ukraine’s defence – but Moscow is threatening to retaliate

Russia's Central Bank filed suit against a Belgian bank that has about $217 billion in Russian assets to stop the EU from loaning cash to Ukraine.

Kremlin aims to fire warning shot against EU’s plan to use €90bn of frozen funds to give loan to Ukraine