The Financial Times reported the information.The European Union is fast-tracking legislation to indefinitely immobilize Russian state assets worth up to €210 billion, employing emergency powers to circumvent Hungary's opposition ahead of a crucial leadership summit next week.The accelerated push aims to secure Brussels' position in upcoming U.S.-led negotiations over Ukraine while separating the contentious asset freeze from discussions about a proposed €90 billion loan to Kyiv backed by those frozen Russian funds.Under the plan, EU officials would invoke Article 122 of the bloc's treaties—emergency provisions typically reserved for economic crises—allowing the measure to pass with a simple majority rather than requiring unanimous consent from all 27 member states. This would eliminate Hungary's ability to block the sanctions, which currently require renewal every six months.Hungary's government has been vocal in its opposition to additional Ukraine aid. Zoltán Kovács, a government spokesperson, said this week that the commission's loan proposal "crosses every red line."The move carries significant diplomatic risks. Previous instances where EU countries outvoted member states on major policy issues, including decisions involving Poland and Hungary on migration, have sparked lasting tensions between capitals.Belgium, which hosts Euroclear—the central securities depository holding €185 billion of the Russian assets—has raised concerns about potential legal exposure if sanctions are unexpectedly lifted. The country has demanded guarantees that other member states would share liability for any legal claims Russia might file. European Commission President Ursula von der Leyen stated the commission has addressed "almost all" of Belgium's concerns.The initiative also represents a stand against Washington, where some officials have urged EU nations to hold off on using the assets until a peace agreement is reached. An earlier Ukraine peace proposal partly developed by American officials had suggested directing most of the assets into U.S.-led investment funds.EU officials fear that Hungarian Prime Minister Viktor Orbán, leading the bloc's most pro-Russian government, would block sanctions renewal if the incoming Trump administration decides to drop U.S. sanctions on Russia. By locking in the asset freeze now, European leaders hope to maintain leverage regardless of shifts in American policy.