Belgium, Bulgaria, Italy and Malta say they voted for long-term freezing of Russian assets

BY Reuters | ECONOMIC | 12:35 PM EST

BRUSSELS, Dec 12 (Reuters) - Belgium, Bulgaria, Italy and Malta said in a joint statement on Friday they had voted in favour of the European Union's plans to indefinitely freeze Russian central bank assets held in Europe.

"In a spirit of co-operation, Belgium, Bulgaria, Italy and Malta are voting 'YES' in the current written procedure but specify that this vote does not pre-empt in any circumstances the decision on the possible use of Russian immobilised assets that needs to be taken at Leaders' level," the countries said in the statement. (Reporting by Charlotte Van Campenhout and Jan Strupczewski; Editing by Sudip kar-Gupta)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article