EU fails to back frozen Russian cash loan - but vows to support Ukraine:
Leaders pushed back a decision on Moscow's assets until December after Belgium raised ...
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EU Delays Release of Frozen Russian Funds for UkraineThe EU postponed a decision on €140bn Russian assets until December while promising Ukraine financial aid through 2027.
- EU leaders committed to covering Ukraine’s financial needs over the next two years but withheld immediate access to €140 billion in frozen Russian assets.
- Belgium raised legal concerns about potential lawsuits involving Euroclear, where the Russian funds are held, requesting strong guarantees before approving the plan.
- A final resolution on the use of these frozen assets is expected at a December summit after further deliberations.
- The EU also imposed new sanctions targeting Russian energy imports and Chinese firms involved in purchasing Russian oil to weaken Russia’s war funding.
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