Parliamentary Assembly of the Council of Europe
The Parliamentary Assembly of the Council of Europe (PACE) is the statutory organ of the Council of Europe, composed of parliamentarians from all member states of the organisation. It serves as a forum for debate on democracy, human rights and the rule of law and adopts resolutions and recommendations, including on member states' compliance with their obligations to the Council of Europe. The Assembly is based in Strasbourg. Ukraine is a member of the Council of Europe and is represented in PACE by its own parliamentary delegation.
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New EU proposal would move frozen Russian assets from Belgium to an EU-controlled custodian
A new idea circulating in Europe would shift frozen Russian sovereign assets out of Belgium's Euroclear depository and into a new EU-controlled custodian, so the funds could support Ukraine while moving legal liability from Belgium to the EU level. Ukraine supports the concept and has sent a concrete proposal to Brussels, but the EU still treats it as a theoretical possibility, with no draft legislation and no worked-out legal or financial mechanism.