EU Moves Towards Utilizing Frozen Russian Assets to Support Ukraine
European leaders are on the verge of endorsing a controversial plan to use frozen Russian assets to provide financial support to Ukraine amidst the ongoing conflict. As discussions intensify, Ukraine is urging the EU to back a loan facilitated by these frozen assets, estimated to exceed $300 billion. The EU is also committed to bankroll Ukraine for the next two years, with a focus on investment loans and support measures from various member states, including Belgium, which emphasizes the importance of sharing financial risks. Ukrainian President Zelensky is actively engaging with leaders at the EU summit, pressing for timely action to utilize these funds for defense and reconstruction efforts. Meanwhile, debates continue over how to manage these assets and the implications for future relations with Russia.
BBC, The New York Times, The Guardian, DW, politico.eu, Reuters, The Washington Post, Bloomberg.com, AP News, Euronews.com