CNN: US encounters European skepticism in last-ditch push to seize $300B in Russian assets for Ukraine leverage

Russian government funds in the European Banking System have been blocked since the Russian invasion into Ukraine. The legal basis for this seizure or the confiscation of sovereign assets of another state by the EU is doubtful, non existent. It is an act of a pirate, an act of war. For good reason, several EU governments oppose to the confiscation of Russian assets fearing grave adverse consequences on the financial markets and their own wealth.