Europe debates the future of Russia’s frozen assets

France 24Friday, November 28, 2025 at 7:00:20 AM
Europe debates the future of Russia’s frozen assets
  • The European Commission has proposed utilizing €185 billion in frozen Russian assets to support an interest-free loan to Ukraine, which is facing a significant budget shortfall due to the ongoing conflict. However, Belgium, which hosts the clearing house for these funds, is hesitant to proceed due to concerns about potential retaliation from Moscow.
  • This proposal is critical for Ukraine as it seeks financial stability amidst the war, while the European Union aims to demonstrate solidarity with Kyiv. The decision hinges on balancing support for Ukraine against the risks of provoking Russia.
  • The situation reflects broader tensions in Europe regarding security and financial commitments to Ukraine, especially as the U.S. pushes for a peace plan that may require concessions from Ukraine. This has raised skepticism among European nations about the effectiveness of U.S. proposals and their implications for regional stability.
— via World Pulse Now AI Editorial System

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