Let’s stop pretending Brussels is engaged in noble statecraft. The EU’s rush to steal more than €180 billion in frozen Russian sovereign assets held at Euroclear is the most reckless gamble Europe has taken in decades. Moscow’s central bank is not wrong to call the move unlawful; its lawsuit against Euroclear merely underscores a simple truth: weaponizing sovereign reserves violates long-standing norms that have protected global capital flows for half a century. Brussels may dress this up as...





















