Putin Warns EU Plan for Frozen Russian Assets Could Undermine Euro Zone Trust

Russian President Vladimir Putin warned that the European Union’s talks on channeling proceeds from frozen Russian assets to finance Ukraine could erode confidence in the euro zone’s financial system, particularly among major oil-producing nations that hold substantial gold and foreign exchange reserves there. The remarks come as EU leaders advance plans to support Kyiv with a multi-year funding package, raising concerns over the precedent of using immobilized reserves and its potential impact on global capital flows, commodity trade, and the broader energy market, including benchmarks such as Oil – US Crude and Natural Gas, both sensitive to geopolitical and sanctions-related developments.

Over the past month, Natural Gas prices have fallen about 15.9%, reflecting ample supply, mild seasonal demand patterns in key consuming regions, and a market that has increasingly discounted immediate escalation risks despite ongoing geopolitical tensions; the 1-day technical assessment for Natural Gas currently points to a Hold stance, suggesting short-term indecision among traders. US Crude has declined roughly 6.0% over the same period, as concerns over global growth and refined product demand offset war-related risk premiums; the latest 1-day technical reading for US Crude indicates a Sell signal, aligning with recent downward momentum and cautious investor positioning in energy futures. Investors can explore more updates, prices, and analysis across global markets at Commodities.