By Nicolas Véron in Brussels What to do with Russia’s foreign reserves, immobilised since Russia’s full-scale invasion of Ukraine, is primarily a matter of debate for the European Union, where most of these reserves are held. The EU should keep giving Ukraine the financial support it needs for its defence and other government expenditure but, in the present circumstances, should not confiscate Russia’s reserve assets to finance its support to Ukraine, given the EU’s commitment to a rules-based international financial order. It could, however, offset some of the financial burden by appropriatin…