Austria’s bid to free Russian assets tests EU unity on sanctions

EU ambassadors are once again meeting in Brussels this Wednesday trying to agree on a new round of sanctions against Russia. But this time Austria, besides Hungary and Slovakia, has thrown a spanner in the works. Vienna is pushing for what it calls a “derogation”, a kind of legal exception, that would allow frozen Russian…

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EU ambassadors are once again meeting in Brussels this Wednesday trying to agree on a new round of sanctions against Russia. But this time Austria, besides Hungary and Slovakia, has thrown a spanner in the works.

Vienna is pushing for what it calls a “derogation”, a kind of legal exception, that would allow frozen Russian assets to be released under certain conditions. But why does Austria want to unfreeze money linked to sanctioned Russian oligarchs and where does that leave the rest of the EU? 

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