The EU wants to turn Russia’s frozen assets into a €140 billion loan for Ukraine. Belgium calls the plan “fundamentally wrong.” EU leaders vote on 18-19 December. Ukraine’s budget runs dry in April.
Despite public declarations of support for Ukraine, most major European powers commit minimal percentages of their economies to aid, while simultaneously purchasing Russian fossil fuels worth €3.2 billion more than their financial assistance to Kyiv in 2024, helping Russia to fund its war against Ukraine.