Very interesting idea and timing. Most of it is held in Euroclear in Belgium so it the main decision would be 🇧🇪 but they would want explicit support from other EU members (and I imagine UK) given risk of some kind of Russian retaliation.
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Shashank Joshi
The Biden admin was open to this. But most of the assets were under European control. The sceptics have included Germany (though see @economist.com’s Merz interview this week), as well as Belgium, France and the ECB. A real opportunity here for European leadership & initiative, if they can seize it.
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