European Court of Human Rights
The European Court of Human Rights is an international court established under the Council of Europe to adjudicate claims alleging violations of the European Convention on Human Rights. Based in Strasbourg, France, it rules on cases brought by individuals and states against Council of Europe member states and issues binding judgments.
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US proposed handing frozen Russian assets to Washington-controlled vehicle; Europeans reject plan
The United States proposed to European allies that part of roughly €260 billion in frozen Russian sovereign assets be unfrozen and transferred to a financial structure under US control, to revive peace talks on Ukraine, the Financial Times reported on 15 October. European delegates rejected the idea, and German Chancellor Friedrich Merz publicly insisted the assets remain frozen in Europe with Europeans deciding their fate. Kremlin spokesman Dmitry Peskov said Moscow had no information about the proposal.
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EU weighs moving frozen Russian assets to new EU-level custodian to sidestep Belgian objections
European circles are exploring transferring frozen Russian assets from Belgium's Euroclear depository to a new EU-controlled custodian, which would shift legal responsibility from Belgium to the EU as a whole and remove Belgium's objections to using the funds for Ukraine. Ukraine's Foreign and Finance ministries have already submitted concrete proposals to Brussels. The European Commission treats the idea as theoretical, with no draft legislation prepared and several technical questions — legal basis, management structure, loss coverage in case of court rulings in Russia's favor — still open.