EU leaders prepare to take unprecedented steps to help Ukraine at a high-stakes summit
Summary
EU leaders are preparing to use frozen Russian assets to support Ukraine's economic and military needs as the country faces bankruptcy, amidst legal and political challenges within the 27-member bloc.
Key Points
- EU leaders are considering using tens of billions of euros in frozen Russian assets to fund Ukraine for the next two years.
- The European Commission proposed a 90 billion-euro reparations loan to Ukraine backed by these assets, with additional funding from the UK, Canada, and Norway.
- The plan faces opposition from some EU members, notably Hungary, and concerns from Belgium about possible Russian retaliation.
- Alternative plan involves raising money on international markets, but requires unanimous consent from all EU members, which is unlikely due to dissent.
