• December 17, 2025
  • libyawire
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A Ukrainian official said the United States is pressuring European countries to abandon the idea of using frozen Russian assets to support Ukraine.

The official, who declined to be named, explained that Ukrainian President Volodymyr Zelenskyy will head to Brussels tomorrow, Thursday, to convince European partners to use the frozen Russian assets to support Kyiv.

America is trying to pass its plan to end the war between Russia and Ukraine.
The US administration, led by Donald Trump, is pressuring European Union countries to refrain from using these funds, while European leaders discuss the American plan to end the Russian-Ukrainian war.

The plan includes a proposal to create a “demilitarized free economic zone” in parts of eastern Ukraine, specifically in the Donbas region. This would require Ukrainian forces to withdraw from the defensive fortress belt that includes strategic cities Russia has failed to capture militarily, such as Kramatorsk and Sloviansk.

Last Friday, the Russian Central Bank announced it would file a lawsuit against the financial group ‘Euroclear’, based in Belgium, which holds Moscow’s frozen international assets, as the European Union intends to use these funds to support Ukraine.

The European Commission seeks to utilize approximately 200 billion euros (232 billion dollars) of the Russian Central Bank’s assets, which the Union froze after Moscow’s attack on Ukraine in 2022, in order to provide a financial lifeline for Kyiv.

The European Union wants to utilize approximately 252 billion dollars owned by Russia.
The European Union intends to reach a final agreement on these funds during a summit to be held next week, but it faces opposition from Belgium, which hosts Euroclear’s headquarters and fears Moscow’s retaliation.

European conditions for ending the war in Ukraine
Regarding negotiations, leaders of major European countries and the European Union proposed deploying a “multinational force” in Ukraine under European leadership and supporting the Ukrainian army “sustainably”, with its size set at 800,000 personnel.

The leaders clarified that this force would be “composed of contributions from volunteer countries and supported by the United States”, which would oversee a mechanism for monitoring and verifying a ceasefire, demanding that Moscow accept a ceasefire and end the war that began on February 24, 2022.

For its part, Russia responded by saying that European participation in the ongoing negotiations regarding the American plan for Ukraine “does not bode well”, while simultaneously confirming that it has not yet been informed of the results of the latest talks recently held in Berlin.

Ukrainian official

Of course. The term **”Ukrainian official”** refers to a person holding a position of authority or public office within the government of Ukraine.

This can encompass a wide range of roles at different levels:

### **Levels of Government**
* **National (Central):** The President, Prime Minister, Ministers (e.g., Minister of Defense, Foreign Minister), Members of Parliament (Verkhovna Rada), and heads of state agencies.
* **Regional/Oblast:** Governors, heads of regional councils.
* **Local:** Mayors, city council members, and other municipal leaders.

### **Current Context (Since 2022)**
Since Russia’s full-scale invasion, Ukrainian officials have gained unprecedented international visibility. Their roles now heavily focus on:
* **National Defense & Security:** Managing the war effort and coordinating international military aid.
* **Diplomacy:** Advocating for sustained political, financial, and humanitarian support from allies.
* **Economic Stability:** Managing the economy under wartime conditions and planning for reconstruction.
* **Public Communication:** Regularly updating both the Ukrainian public and the world on the situation.

### **Prominent Examples**
* **Volodymyr Zelenskyy:** President of Ukraine, the head of state.
* **Denys Shmyhal:** Prime Minister, head of the government.
* **Dmytro Kuleba:** Minister of Foreign Affairs.
* **Oleksandr Syrskyi:** Commander-in-Chief of the Armed Forces of Ukraine.
* **Andriy Yermak:** Head of the Presidential Office.
* **Thousands of others** at regional and local levels, many of whom govern in extremely difficult frontline or occupied territories.

### **Key Responsibilities (General)**
* Formulating and implementing state policy.
* Managing public administration and services.
* Representing Ukraine in international forums.
* Upholding the Constitution and laws of Ukraine.

In summary, a “Ukrainian official” is a key actor in the governance and defense of Ukraine, a role that has become critically important on the global stage since 2022.

Volodymyr Zelenskyy

Volodymyr Zelenskyy is the sixth and current President of Ukraine, having taken office in May 2019. A former actor and comedian, he gained widespread popularity playing a schoolteacher who becomes president in the TV series *Servant of the People*, which later inspired his real-life political party of the same name.

Key points about his presidency include:

– **Election:** Won in a landslide victory, campaigning on anti-corruption and anti-establishment promises.
– **Major challenges:** His presidency has been dominated by Russia’s full-scale invasion of Ukraine in February 2022, turning him into a wartime leader and a global symbol of resistance.
– **International role:** He has rallied significant international military, financial, and humanitarian support for Ukraine through speeches to foreign parliaments and organizations.
– **Public communication:** Known for daily addresses and social media updates to maintain national morale and keep global attention on the war.

Zelenskyy’s leadership during the war has drawn both strong domestic support and international recognition, though it has also come with immense pressure and scrutiny regarding military strategy, governance, and Ukraine’s path toward EU and NATO integration.

Donald Trump

Donald Trump is a prominent American figure who served as the 45th President of the United States from 2017 to 2021. A businessman and television personality before entering politics, he is known for his unconventional style and policies that sparked significant debate. His presidency was marked by tax reforms, deregulation, conservative judicial appointments, and a focus on immigration restrictions. Trump remains a polarizing and influential force in U.S. politics, continuing to shape the Republican Party and national discourse.

European Commission

The **European Commission** is the **executive branch** of the European Union (EU), responsible for proposing legislation, implementing decisions, upholding EU treaties, and managing the day-to-day business of the EU.

### Key Roles:
1. **Legislative Initiative** – Proposes new laws to the European Parliament and the Council of the EU.
2. **Policy Implementation** – Manages and enforces EU policies and the budget.
3. **Guardian of the Treaties** – Ensures EU law is applied correctly across member states (can take legal action if not).
4. **International Representation** – Represents the EU in some international negotiations (e.g., trade agreements).

### Structure:
– **College of Commissioners**: One commissioner from each EU country (27 in total), each overseeing a specific policy area (e.g., competition, climate, trade).
– **President**: Currently **Ursula von der Leyen** (as of 2023). The President sets the policy agenda.
– **Appointment**: Commissioners are appointed every 5 years, following European Parliament elections and hearings.

### Headquarters:
Brussels, Belgium (main offices in the Berlaymont building).

### Important Notes:
– It is **independent** of national governments—its duty is to represent the EU’s overall interest.
– Often described as the EU’s “executive” or “civil service,” but it also has a political role.
– Works closely with other EU institutions like the **European Parliament** and the **Council of the European Union**.

If you have a more specific question about its functions, history, or current policies, feel free to ask!

European Union

The **European Union (EU)** is a political and economic union of **27 member states** located primarily in Europe. It has developed an internal single market through a standardized system of laws that apply in all member states, ensuring the free movement of people, goods, services, and capital.

### Key Facts:
– **Founded:** The EU traces its origins to the European Coal and Steel Community (1951) and the Treaty of Rome (1957).
– **Institutions:** Major bodies include the European Commission, European Parliament, European Council, and the Court of Justice of the EU.
– **Currency:** The **euro (€)** is used by 20 member states (the “Eurozone”).
– **Schengen Area:** 27 countries (including some non-EU members) have abolished internal border controls, allowing passport-free movement.
– **Key Policies:** Common policies on trade, agriculture, fisheries, regional development, and more.

### Goals:
– Promote peace, stability, and economic prosperity.
– Foster cooperation on environmental, security, and justice issues.
– Uphold values like democracy, human rights, and the rule of law.

### Recent Developments:
– **Brexit:** The UK left the EU in 2020.
– **Enlargement:** Candidate countries include Ukraine, Moldova, and several Balkan states.
– **Challenges:** Managing migration, climate change, economic disparities, and geopolitical tensions.

The EU is one of the world’s largest economies and a significant global actor in trade, diplomacy, and regulation.

Belgium

Belgium is a country in Western Europe known for its rich history, cultural diversity, and as the headquarters of the European Union and NATO. Here are some key points about Belgium:

### **Geography & Demographics**
– **Capital:** Brussels (also the de facto capital of the EU)
– **Languages:** Dutch (Flemish), French, and German — reflecting its three main regions: Flanders (Dutch-speaking), Wallonia (French-speaking), and the German-speaking Community.
– **Population:** Around 11.7 million people.

### **Culture & Society**
– Famous for its medieval towns, Renaissance architecture, and UNESCO World Heritage sites like the Grand-Place in Brussels.
– Known for culinary specialties such as chocolate, waffles, fries (often called “French fries” but claimed to have Belgian origins), and a vast variety of beers.
– Has produced famous artists like René Magritte (Surrealist painter) and Pieter Bruegel the Elder.

### **Politics & Economy**
– A federal constitutional monarchy with a king (currently King Philippe) and a parliamentary system.
– One of the founding members of the European Union, hosting major EU institutions in Brussels.
– Highly developed economy with strengths in trade, manufacturing, and services.

### **Interesting Facts**
– Belgium has the world’s highest density of castles per square kilometer.
– The comic strip tradition is strong — home to iconic characters like Tintin and the Smurfs.
– Hosts famous music festivals like Tomorrowland (electronic dance music).

Would you like to know more about a specific aspect of Belgium — such as its history, cities, or cultural highlights?

Moscow

Moscow is the capital and largest city of Russia, situated on the Moskva River in the western part of the country. It serves as the political, economic, cultural, and scientific center of Russia. Key landmarks include the Kremlin, Red Square, St. Basil’s Cathedral, and the Bolshoi Theatre. With a rich history dating back to the 12th century, Moscow is known for its architecture, museums, and vibrant urban life.

Russia

Russia is the largest country in the world by land area, spanning Eastern Europe and Northern Asia. It is a federal semi-presidential republic with Moscow as its capital. Known for its rich history, diverse culture, and significant influence in global politics, Russia possesses vast natural resources, including oil, natural gas, and minerals. It is also a permanent member of the United Nations Security Council and a major nuclear power.

Kyiv

Kyiv is the capital and largest city of Ukraine. It is located along the Dnieper River in the north-central part of the country. With a history dating back over 1,400 years, Kyiv is one of the oldest cities in Eastern Europe and has played a central role in the development of Slavic culture and the Orthodox Christian tradition.

Key points about Kyiv:
– **Historical significance**: Known as the “Mother of Rus’ cities,” it was the center of Kievan Rus’, a medieval East Slavic state.
– **Cultural hub**: Home to numerous UNESCO World Heritage sites, including the Kyiv Pechersk Lavra (Monastery of the Caves) and Saint Sophia Cathedral.
– **Modern role**: Today, Kyiv is Ukraine’s political, economic, educational, and cultural heart, with a population of around 3 million people.
– **Recent events**: Since 2014, and especially after Russia’s full-scale invasion in 2022, Kyiv has been a focal point of Ukrainian resistance and resilience.

The city’s name is officially spelled **Kyiv** in English, reflecting the Ukrainian transliteration, rather than the older Russian-derived “Kiev.” This change has been widely adopted internationally in support of Ukrainian sovereignty and identity.

United States

The **United States of America (USA)** is a federal republic located primarily in North America. It consists of 50 states, a federal district (Washington, D.C.), five major territories, and various minor islands.

### Key Facts:
– **Capital:** Washington, D.C.
– **Largest City:** New York City
– **Population:** Approximately 331 million (2020 census)
– **Area:** About 9.8 million square kilometers (3.8 million square miles)
– **Official Language:** None at the federal level, but English is the most widely spoken.
– **Government:** Federal presidential constitutional republic.
– **Currency:** United States Dollar (USD).

### History:
– Founded on July 4, 1776, with the Declaration of Independence from Great Britain.
– The current Constitution was adopted in 1788.
– Expanded across the continent during the 19th century, acquiring new territories and states.
– Emerged as a global superpower in the 20th century.

### Economy:
– The largest economy in the world by nominal GDP.
– Diverse sectors: technology, finance, healthcare, manufacturing, and agriculture.
– Home to many global corporations and stock exchanges (e.g., NYSE, NASDAQ).

### Culture:
– Known for its cultural diversity due to immigration.
– Major contributions to music, film, technology, and science.
– Iconic symbols: Statue of Liberty, the American flag, the bald eagle.

### Geography:
– Varied landscapes: mountains (Rockies, Appalachians), plains, deserts, and coastlines.
– Borders Canada to the north, Mexico to the south, the Atlantic Ocean to the east, and the Pacific Ocean to the west.

Would you like more details on any specific aspect, such as history, states, or cultural influence?

Euroclear

**Euroclear** is a leading financial services company specializing in the settlement of securities transactions and the safekeeping of assets. It operates one of the world’s largest settlement systems for domestic and international bonds, equities, and funds. Here’s a breakdown of its key functions and significance:

### **Core Functions**
1. **Clearing and Settlement**
– Euroclear ensures that securities transactions are completed efficiently and securely by transferring ownership from seller to buyer and handling the corresponding payment.
– It reduces settlement risk by using a **Delivery versus Payment (DvP)** mechanism, where the transfer of securities and funds occurs simultaneously.

2. **Custody and Safekeeping**
– It holds securities (like bonds, equities, and funds) in electronic form on behalf of investors, banks, and institutions, minimizing physical handling and risk of loss.

3. **Asset Servicing**
– Euroclear manages corporate actions (e.g., dividend payments, stock splits), handles tax reclamation, and provides reporting services for held assets.

4. **Collateral Management**
– It facilitates the use of securities as collateral for loans or other obligations, supporting liquidity in financial markets.

### **Key Systems**
– **Euroclear Bank**: Based in Brussels, it settles international and domestic securities across multiple currencies and markets.
– **Euroclear Settlement Systems**: Includes local market systems like **Euroclear Finland**, **Euroclear Sweden**, and others, integrating European markets.
– **Euroclear UK & International**: Formerly known as **CREST**, it handles UK and Irish securities.

### **Importance in Global Finance**
– **Risk Reduction**: By centralizing settlement, Euroclear lowers counterparty and operational risks.
– **Liquidity Enhancement**: Its collateral and liquidity management tools help institutions optimize their assets.
– **Market Integration**: It connects over 90 markets worldwide, enabling cross-border trading and investment.
– **Support for New Issuances**: Euroclear plays a key role in settling sovereign and corporate bond issuances, including green bonds.

### **Ownership and Governance**
– Euroclear is owned by a consortium of financial institutions, including banks, brokers, and other service providers.
– It is regulated by the National Bank of Belgium and other relevant authorities in the countries where it operates.

### **Recent Developments**
– **Digital Transformation**: Euroclear has been investing in blockchain and DLT (Distributed Ledger Technology) for potential future settlement models.
– **ESG Focus**: It supports sustainable finance by enabling settlement of green and social bonds.
– **Brexit Adjustments**: Euroclear relocated some UK operations to continental Europe to maintain EU market access.

### **Competitors**
– **Clearstream** (Germany/Luxembourg)
– **Depository Trust & Clearing Corporation (DTCC)** (United States)
– **SIX SIS** (Switzerland)

In summary, Euroclear is a critical piece of financial market infrastructure, ensuring the smooth, secure, and efficient functioning of securities transactions globally. Its role is especially vital in cross-border trading and maintaining stability in the financial system.

Russian Central Bank

The **Russian Central Bank** (officially the **Central Bank of the Russian Federation**, or **Bank of Russia**) is the country’s central banking institution, responsible for monetary policy, financial stability, currency regulation, and banking supervision.

**Key functions include:**
– Issuing the Russian ruble and maintaining its stability.
– Setting key interest rates to control inflation.
– Managing foreign exchange and gold reserves.
– Supervising commercial banks and financial institutions.
– Acting as the government’s fiscal agent and advisor on economic policy.

**Recent context:**
Since 2022, the bank has faced significant challenges due to international sanctions, which have impacted Russia’s access to global financial systems and foreign reserves. In response, it has implemented measures such as capital controls, alternative payment systems, and tighter monetary policy to stabilize the economy and the ruble.

The Central Bank of Russia operates under a federal law and is accountable to the State Duma, though it maintains a degree of independence in its monetary decisions.

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