EU Backs €90B Loan for Ukraine, Keeps Russian Assets Frozen
EU leaders will borrow €90 billion to fund Ukraine’s defense over two years, keeping €210 billion of Russian assets frozen while reparations talks stall.
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EU leaders will borrow €90 billion to fund Ukraine’s defense over two years, keeping €210 billion of Russian assets frozen while reparations talks stall.
EU leaders met in Brussels (Dec 18-19, 2025) to debate tapping frozen Russian central bank assets—210 billion €—for Ukraine’s defense and reconstruction amid legal and market risks.
Belgium warns the EU’s plan to tap €210 billion frozen Russian assets for Ukraine could saddle it with big bills and threaten financial stability.
Belgium rejects the EU’s proposal to fund Ukraine with profits from frozen Russian assets, warning of legal and financial risks and demanding full coverage of potential losses.
President Biden has announced nearly $2.5 billion in security assistance to Ukraine, marking a significant boost for the nation’s defense capabilities amid regional tensions.