Afghanistan, Oct. 2 -- European Union leaders backed in principle a plan to use frozen Russian assets for a €140 billion loan to Ukraine but postponed final approval amid legal concerns.
European Union leaders have signaled support for a plan to use frozen Russian assets to guarantee a €140 billion loan for Ukraine but delayed a final decision to review legal concerns.
The European Commission's proposal would channel proceeds from Russian central bank securities to Kyiv in 2026-2027, with repayment required only once Moscow pays war reparations.
Supporters, including Denmark, Sweden, and the Netherlands, see it as vital as U.S. aid wanes and EU budgets tighten. But Belgium, France, and Luxembourg raised legal and financial ri...