The UK is attempting to forge a multinational deal that would allow the release in Russian assets frozen in Britain, The Times reports, as Kyiv faces a significant funding gap over the next two years.
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.
European Union plans to discuss a plan to channel nearly €200 bn in frozen Russian assets toward Ukraine's reconstruction, as Ukraine confronts an €8 bn budget deficit in 2026.