The Ukraine War refers to the ongoing conflict that began in 2014, primarily between Ukraine and Russian-backed separatist forces in the eastern regions of Ukraine, specifically Donetsk and Luhansk. The war escalated following Russia’s annexation of Crimea in March 2014, which was widely condemned by the international community. The conflict is marked by military engagements, political disputes, and significant humanitarian impact, leading to thousands of deaths and displacements. The war has involved various international stakeholders, with differing levels of support for Ukraine and the separatists, which has further complicated the crisis. The situation remains dynamic, with intermittent ceasefires and ongoing negotiations, as well as geopolitical tensions stemming from the conflict.
Amid the ongoing conflict in Ukraine, a financial battle unfolds involving nearly €300 billion of frozen Russian assets in Europe. The Central Bank of Russia sees its assets immobilized, as…