World · 5 December 2025
EU debates using frozen Russian funds for Ukraine
EU leaders meet December 18-19 to decide on using €185 billion in frozen Russian assets to back a reparations loan for Ukraine, which faces a funding shortfall by early 2026. The Belgian government, hosting most frozen assets through Euroclear, objects to the scheme over legal uncertainties, while the ECB has rejected support for the Ukrainian funding initiative. Hungary threatens to block alternative borrowing, leaving Ukraine's €135 billion needs for 2026-2027 hanging in balance.
Reported by Reuters · How we write briefs