00:00After months of political wrangling and a flurry of criticisms issued by U.S. President Donald Trump last week,
00:07European leaders have come out with a strong response.
00:10In an audacious move, the European Union have decided to indefinitely immobilize Russian assets held in EU countries
00:17worth a whopping 210 billion euros.
00:20An emergency clause in the treaties was triggered this week to freeze the overseas holdings owned by the Russian Central Bank.
00:28The measure comes just days after Trump labeled Europe a, quote,
00:32decaying continent and called its leaders weak.
00:35With one bold move, the bloc was able to push back against external interference
00:39and insulate the large sum of money from the Kremlin's war machine.
00:43The bulk of the assets, some 185 billion euros, are held at Euroclear, a central securities depository in Brussels.
00:52The remaining 25 billion are spread in banks across five other EU member states.
00:58Until now, the funds have been paralyzed under the traditional sanctions scheme,
01:03which requires renewal by unanimous vote among the member states biannually.
01:07The next step is to independence under the United States.
01:08The capital of ان
01:24U.S. President Donald Trump做
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